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Lejun James Shao is the founder of (, WhitePine Investment Inc of USA, and CEO of WhitePine Software Inc, Beijing, China. He was the top finisher in MSN's 1st US One Million Dollar Investment Contest, "Strategy Open Tournament," with a +45.88%... More
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  • GLD - Yes It Is Topped

    Here is what happend after my last article published here:


    1. GLD is now in down trend with lower highs and lower lows.

    2. It forms a down trend channel. The price is swing within the channel. When it touched the bottom, it bounced back. On the other hand, when it touches the top, it dropped.

    3. It gapped down last two days and both bounced back and price turned down when it touches the tops of its down trend channel.

    4. What will happen tomorrow: GLD price may gap up. If that happens, GLD may be pushed down hard,

    5. GLD may gap down again. In this case, it may not have a bounce back for the third time. Big down move may follow.

    Feb 02 8:10 PM | Link | 4 Comments
  • GLD - It May Have Topped

    Chart showed that gold price may have topped:

    1. RSI entered overbought area. In the last 12 months, this happened twice and each time this happened, it will drop hard later.

    2. But the drop always not immediate. It almost spent one month before the real down move started.

    3. Gold price up today did not translate into higher GDX and GDXJ prices.

    Tags: GLD, gold sector, gdx, gdxj
    Jan 23 12:34 AM | Link | 5 Comments
  • GLD - What To Expect Tuesday

    GLD was hit hard Monday. It closed at 1,193.80, down 2.32% and now it is at the bottom of its uptrend channel:

    For the uptrend still valid, either gold price moves up tomorrow or go down further to 1,170 level and then rebound. Otherwise, the uptrend is over.

    Gold is short term oversold based on my technical indicators. But oversold can keep so for a long long time. Check recent SCO, RUSS and you will have a feeling how hot those two ETF are.

    Tags: GLD, gold
    Dec 15 10:38 PM | Link | 2 Comments
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  • long on SCO and RUSS and will put stop-loss on SCO at 60.00. RUSS at 11.30. I am betting that oil price will drop Tuesday or Wednesday.
    Feb 16, 2015
  • $GLD topped on 1/22 and is now moving down slowly.
    Feb 5, 2015
  • $RUSS and $RUSL are good pair for short term trading.
    Feb 5, 2015
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