GLD

The weekly gold chart does indicate that the uptrend in gold is done for now. The trend was broken on a gap down in December and failed to push back to the trend this past month. The first half of the year tends to be better for stocks and hence not strong for gold. Look for gold to trend down over the coming months, a new round of economic problems later this year would bring it back front and centre. Is the sell in May trade set to return for stocks?