Manuel Blay's  Instablog

Manuel Blay
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Trader and investor. My trading is short-term based (avg trade duration 4-5 days). As investor I'm deeply influenced by Dow Theory
My blog:
Dow Theory Investment
  • Dow Theory Update For May 9: Stocks Close With Minor Declines 0 comments
    May 9, 2013 4:25 PM | about stocks: SPY, DIA, IYT, GLD, SLV, GDX, SIL

    No change in trends

    Where is the gold going?

    It seems that GLD is not the only one gold investment avenue afflicted by inventory losses. Zero Hedge reports that JPM eligible vault gold has just dropped to a new record low as you can read here.

    Maybe this link provides you with the answer.


    The SPY, Industrials and Transports closed down. The primary and secondary trend remains bullish.

    Today's volume was lower than yesterday's. Thus, we had a bullish volume day, as declining prices were not met by expanding volume.

    Gold and Silver

    GLD and SLV closed down. The primary trend is bearish, and the secondary trend is bullish.

    GDX and SIL, the gold and silver miners ETFs, closed down. The primary and secondary trend is bearish.


    The Dow Theorist

    Stocks: SPY, DIA, IYT, GLD, SLV, GDX, SIL
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