Back on
July 6th, 2009 I spotted a great looking inverse head and shoulder pattern in $GLD. Now I'm wishing I had followed my own advice! Check out where we are now. It looks like a cup and handle are forming and this could break out much higher from here again.
Then...
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgQL5wYVdG4Q9CBVYsCS_8_DUQmR9-rHqtzmhcPIDMiflL2NQD_7CQcG5LLNcooTlJWOcQ8XUMa-YT_KFHIxtmiWGD7m74mcG0y3jNwfUu-gilN6WxEgq9fjPSmJOOLeWxU20zjk1Y5avw/s400/gldnow2.png) |
http://www.inbailoutswebust.com/2009/07/prophetcharts-gld.html |
and now...
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgmYB2SiEGSggAKs6ggyZ8ezj-pfjCQUbe-nsfyEVZaArYkYOOG90_-rcXDhuxQztRPN7ItNQi1DsOou3jU1zm9zueu1wDojTiqAp-Zbx2l34tKdvhhJZsS89__aXpLTERIr9atPh1iqgI/s400/gldnow.png) |
Where we are today June 9th |