Gold - Time for a Breather

High probability that GLD will move to the 20 day moving average at 295. The BBW indicator shows that momentum is softening. At this signal, prices generally revert to the mean or in some cases, sell off quickly to the -2 standard deviation.

I've been using the futures to hedge my positions. Interesting that the CME has come out with a 1 oz gold future. The gold casino is really starting to open up.