Gold ETF 3/8/2010

The Gold ETF has been plugging resolutely sideways for the past few days.

Until it breaks out of that consolidation, there's not a lot to say.

Which way will it break?

The odds are to the upside given the very low reading on the RSI - down near the 20-level - a very oversold reading.

But ... you never, never know ....

Cheers

Red