Gold Price and Daily Closes

Oh, and there we were all in one place
A generation lost in space
With no time left to start again
--Don McClean

Posted yesterday by Fleck, interesting chart comparing recent gold prices to running total of number of upside closes in gold price over the past 30 days.

Like Fleck, I've never seen a chart like this before, but does suggest stability of gold price in midst of a period of down days. Obvious implication is that a few up days have overpowered many down days in order for price to remain this stable.

Seems bullish.

position in gold