Martin Stewart Henshaw
$GLD (SPDR Gold) seems to consolidating at the moment. I have some smaller positions open currently whilst I await further breakouts, it may consolidate for some time. The $SPY (SPDR S&P 500 ETF) has been volatile this week and has mainly retreated. This could be temporary momentum or it could be the start of further declines. I am still trading very cautiously at the moment whilst we wait and see how things play out. A lot of markets seem very over valued at the moment and certain indicators point to the fact we could have a pull back. It has looked like this for some time though and it may take a while to fully develop.
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