The high of 960.30 of March 27 was taken out today. The only high left is 1033. Judging by the volume on the gld we have a good chance next week. Just like ECU headed towards the 200 on strong volume it makes the bears think twice.

There is great resistance for both here. However Gold reached its 1033 high after the consolidation of Nov Dec when "all was well the problems are behind us now. The Dow will rise a modest 7% for the year."

Gold has just broken the downtrend and finished consolidation.

With the USD and a gold overlay one can see directly how this will likely turn out.

http://stockcharts.com/h-sc/ui?s=$US...

Enjoy your weekend all

Reg Mills