GLD - Upside target

g">Okay, I realize the theorizing about market relationships and the caution therein are a real drag for many. I mean, there's a genuine event going on out there, right? I have evidently got myself wired so efficiently (for ultimate success in the markets) that I write bullish around bottoms and bearish or cautious around tops. Silly me.

This space never ever did try to convince anyone that I am anything other than a brave buyer of other people's agony after all. Hey, we're all good at something and less good at other things. I am less good at sounding like a bull hero during blow offs. So turn off the blog if that bugs you. You can always come back when a steady hand is needed.

But in a nod to the momos who have finally gotten their gold breakout, mentally masturbated over for months, here's the chart of gold proxy GLD. Dat be a breakout and dat be a target. Gold is bullish. No doubt about it. And I think something game changing is going on here. But I still have major doubts about the rest of this inflationary nirvana. Things like stock market, oil, copper and anything else Wall Street and its exetended apparatus can cling to to instill hope. Gold ain't about hope. It's about solid monetary value.

And no, I am not implying GLD has anything to do with value. Only gold does. GLD is a solid play for patrons to use as they see fit, however.