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8/18/2010 - THE VULCAN REPORT Review of GLD - COMEX Gold FUTURES ETF (GLD) as of Tuesday, August 17, 2010

|Includes: SPDR Gold Trust ETF (GLD)

 Wednesday, August 18, 2010

8/18/2010 - GLD - THE VULCAN REPORT Review of GLD - COMEX Gold FUTURES ETF (NYSEARCA:GLD) as of Tuesday, August 17, 2010
 
THE VULCAN REPORT
Review of GLD - COMEX Gold FUTURES ETF (GLD)
as of Tuesday, August 17, 2010


Today's Price Action


Change   with weak Bids going into the close.  0.0200 (0.02%) 


     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:     44.60
Swing Vix:     43.45


The Market Pulse is positive since it is trading above its zero signal line.The PulseScan crossed above the Swing Vix creating a UP Trend Channel as of   12 period(s) ago. The Swing Vix is above 39.  This is where it usually tops.  The Swing Vix usually forms tops and bottoms before the underlying security.  
A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area.  


*The last signal was a Over-Bought Sell 65 period(s) Ago.
The Swing Vix has just reached its highest value in the last 14 period(s).  This is bullish.
      
  *Since the last Swing Vix signal, GLD - COMEX Gold FUTURES ETF's price has increased 3.69% , and has ranged from a high of 119.9700 to a low of 114.0800.


     MOMENTUM


     MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at- 107.1850.


        TREND STRENGTH - WEAK - RANGE BOUND (Prices have ceased trending and have become consolidated at this time) The market has put in a short term top. This means that the bulls are liquidating long positions thus taking some profit off the table.,


TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 107.1850
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 109.3179
The close is currently Above  it's Intermediate Term TRENDLINE RETRACEMENT. - 117.2778 
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. - 118.1801 




INTRADAY PRICE PROJECTIONS
RESISTANCE 119.8868
SUPPORT 119.6833


WEEKLY PRICE PROJECTIONS
RESISTANCE 118.4200
SUPPORT 116.4000


MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 156.3100
Long term Trend Line resistance is currently at - 123.5600
Long term Trend Line support is currently at - 107.1850


BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 254.5600
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 221.8100
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 189.0600


VOLATILITY
On 8/17/2010, GLD - COMEX Gold FUTURES ETF closed   
below the upper band by 6.1%.




     IN PLAY - (PANDORA'S LITTLE BLACK BOX)


LONG Signals :   


3rd PulseWave 
LONG ENTRY - 123.5600
       Profit Target 156.3100 
   Stop Loss/Stop & Reverse 119.5815




SHORT Signals :  


 SHORT POSITIONS FOR THIS SECURITY ARE NOT IN PLAY AT THIS TIME!
 
Risk Disclosure


General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser. This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents.


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Posted by The Vulcan at 11:01 AM