Gold bounces – is time to jump back in?

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Gold ( GLD , quote ) bounces solidly the past 4 sessions but readers probably want to wait for the 2nd bounce after a "Crash".

Image courtesy Kotivalo http://commons.wikimedia.org/w/index.php?title=User:Kotivalo&action=edit&redlink=1 Clearly the chart below tells you that gold and the recent sell off were not just about gold no longer being a solid macro trade.

This chart tells me there was a mass liquidator or two who had no choice but to sell once certain stops were hit.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , International , Stocks

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