Gold: Double Bottom Or Double Trouble?
By David Fabian:The price action of the SPDR Gold Shares (GLD) over the last several weeks has been a big concern in the national media and with individual investors' portfolios. Everyone has been quick to weigh in on their conspiracy theories, predictions and fundamental policies for owning the yellow metal. Some people own gold for its inflationary protection, some own it for its currency qualities, and others own it as a stalwart investment vehicle. However, I always focus on gold more from a technical perspective to take the emotion out of trading and view the investment landscape through a clear lens.As I look at the chart of GLD over the last 12 months you can see that it peaked in October 2012 and has been on a slow trajectory downward ever since. The high to low over this time frame was -24.36% which is a bear market in itself. The quickComplete Story »