Indicators We are Watching – Gold (GLD) Basing, Dollar Topping?

On low volume and now basing at $105, that level on Gold shares (GLD) is looking like a good point of support.

Any softening of the U.S. dollar should push (GLD) toward $110-$112. That will also help a wide range of commodities.

Click on each of the charts for further information and comments.


Disclosure: Horowitz & Company clients may hold positions of securities mentioned as of the date published.