Now on to GLD, the gold ETF and there isn't that much to say here. As indicated above (click to enlarge), it appears that GLD is trapped (that is a good thing for those of us who own it) in a rising channel and as long as that's the case, I see no reason to alter my bullish view. Adding to any long position at this level would not be a bad idea with a clear stop on that added part at 62.4, below the local low established on 3/5.