The GLD has formed a very nice cup with a high handle. Volume has declined in the handle which is a nice attribute. A breakout above the high of the handle targets 147.02 at a minimum. A breakout would also bode well for a continuation in the uptrend for oil.
No more posts until Monday. I'll be on a 30 mile canoe/kayak trip with my two youngest boys this weekend. I hope you will be enjoying the nice weather that we are expecting.