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Sea Lion Capital Management LLC provides Investment Advisory Services. Founder and Chief Market Strategist Alan Posner presents his analysis of markets here throughout the week. Sea Lion Capital Management specializes in stock market technical analysis, commodities technical analysis, and forex... More
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  • Gold Reinitiates Its Downtrend 0 comments
    Jan 3, 2013 11:28 AM | about stocks: GLD

    Gold has been in a recent downtrend since its peak in the beginning of October at $1795 level. While there is a huge amount of demand for Gold it would appear recently to have softened. Without a major crisis demand seems to be waning and the selling continues. With the recent retracement of the low and this "gravestone doji" like candle and a sell off the selling has resumed and $1640 will be revisited soon.

    See the chart and more at

    Gold reinitiates its downtrend
    Themes: Gold, GLD, ETFs Stocks: GLD
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