We own gold, like gold, and plan to buy more gold, but the market is telling us to be patient for a while longer in terms of looking for a good risk-reward entry point for GLD (gold ETF). Numerous short-term indicators are still flashing some “be careful” signals.
![Gold Risk Reward Analysis 1 of 2](http://imagehost.vendio.com/a/905774/view/Nov232010GLD1of2.png)
These charts are as of November 23rd at 2:05 p.m. EST (USA).
![Gold Risk Reward Analysis 2 of 2](http://imagehost.vendio.com/a/905774/view/Nov232020Gold2of2.png)
Source