With the fundamentals pushing gold down but will all the long-term financial pointing out to a recession -or at least correction- in the market and the global economy, I'm very bullish on GLD.
I do, however, only purchase instruments at the most advantageous point. Ideally, 100.50 for GLD.
From now to then, I still want to get in the market at prices that are already attractive and in which reversal (in this case, uptrend) could occur.