Gold happened to hit it’s 2010 high at a Fibonacci time date cited in the chart below, posted on 6/26. Fibonacci time study was the key tool for calling the exact day of the highs for Gold.

 See this link for more on why this date was important for Gold…Precious Metals post on dshort.

Now Gold ETF (GLD) finds itself up against overhead resistance that could be very dangerous for it!

For anyone that is looking to score on defense… really doesn’t get any better than RIGHT NOW!!!  If you do own inverse metals positions use the resistance line as your stop on those positions! 

GLL and VSL should do well if resistance holds.

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past