Gold Preferred Over Dollar; Momentum Traders Eye $5000 Gold; Unprecedented VIX Five-Day Signal - Apple (NASDAQ:AAPL)
To gain an edge, this is what you need to know today.Gold Over DollarPlease click here for an enlarged chart of SPDR Gold Trust (NYSE:GLD).Note the following:The chart is a monthly chart to give you a long term perspective.The chart shows gold has now reached zone 1 (resistance).As of this writing, gold futures are trading at $4007.RSI on the chart shows gold is very overbought and vulnerable to a pullback.The momo crowd is super excited. The talk of gold at $5000 next year is taking center stage.Foreigner ...