Monday, October 11, 2010

Gold ETF as at 11/10/2010

The Gold ETF (Gold in Ozzie Dollars) continues in its sideways, non-trending fashion.

The ADX is down around 12 - indicative of a non-trending market.

Gold ETF had a rush of blood in the middle of last week, promising a break-out, but it petered out.

Today was another up day - but not enough to read anything into it.

I'll continue to wait on a significant move by the Gold ETF.

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