Gold Uptrend Resumes

11/03/2009 1:24 pm EST

Focus: ETFS

Thomas Aspray

, Professional Trader & Analyst

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A week ago, after GLD had declined quite sharply from its highs and the bearish sentiment had picked up, I discussed the positive action in the OBV, which suggested this was just a "pullback in the uptrend." Daily, weekly, and monthly volume analysis is positive. Upside target from the last rally at $108.50, then $114.

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