Eric’s comment on my post about GLD’s daily and weekly charts made me pop up a monthly GLD. Here’s my favorite topping formation, a huge 1,2,3 Top formed on bearish divergence with the declining RSI and MACD indicators. If price drops, 65 is about right for a target. If my analysis is correct, then either inflation is not going to be a problem, or gold has finally lost it’s value as a monetary subsititute.I bet on the latter–these days, not a lot can be done with gold except wear it.