(GLD/MO)

Here's an update on the GLD/MO trading pairs chart on a 5yr weekly. I find it interesting that a long term flag is forming and the pair is near a bottom inflection point of 5.21.

This chart is definitely showing the effect of the US dollar on GLD and the dividend yielding equity Altria. The recent rise in the greenback is shown as gold and GLD have pulled back and MO has risen and also shows there is a little more room in this direction. Perhaps the $83.00 target on the dollar will become a reality.

I plan on poring back my GLD short and begin looking for entry points to switch to long and possibly get short on MO as the dollar rise tops out.

---

For the Web's best interactive charts, please visit http://www.Prophet.Net