Since the last PRO GLD Update GLD has meandered in an extended and frustrating corrective structure, but is now once again presenting a potential third wave explosion to much higher levels. If still in GLD calls, the pattern below says "hold tight," and if not yet in GLD calls, to buy on any breakout above the indicated horizontal channel, above about 225.00. GLD GLD Calls PRO Service Premium Service The Big Picture Whether trading GLD calls or not, the better opportunity ahead will be in the stock market and a continuation of the decline that started late last week and into Monday. That is my primary focus going into the weekend and next week, looking for the taking out of Monday's lows as a trigger for an acceleration down across all stock indices.
