As we all know the SPY and GLD have an inverse relationships. When the SPY goes up, GLD goes Down. However Gold has been going up and so has the SPY. More so, as the SPY comes into its all-time highs, GLD appears to be consolidating at its 2016 all-time highs.
Both are at their all-time highs for the year but gold has been consolidating (resting) at these highs for the past 2 months rebuilding energy to break thru future resistance, while the SPY may be out of breath from the sprint it has made to the all-time highs in the past 2 months.
With that being said, I plan to take my profits from the SPY as we hit these highs, and put them into gold.
Both are at their all-time highs for the year but gold has been consolidating (resting) at these highs for the past 2 months rebuilding energy to break thru future resistance, while the SPY may be out of breath from the sprint it has made to the all-time highs in the past 2 months.
With that being said, I plan to take my profits from the SPY as we hit these highs, and put them into gold.
연관 아이디어
My Plan for GLD
the_get_man
about GLD