Mike Paulenoff argues that money flows, uneven global economic growth prospects, and the impact of a weaker dollar should combine to make the big cap Blue Chip stocks more attractive than small cap localized businesses.
Although the streetTRACKS Gold Shares (GLD) was not able to spend much time above its February high prior to rolling over into a correction, the weakness thus far has not inflicted any meaningful damage to the near-term chart pattern.
The Gold ETF (GLD) has popped to new 11-month highs, which if sustained throughout today's session, will argue for a run at the top of the October-May channel near 71.
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