It is clear from this chart that GLD has moved through three major changes during this time frame – 2008 to its current price in 2015.
A down trend ended in 2008. The uptrend lasted from
2008 to 2012 and we currently are looking at a down trend since then.
The question now is, “How long will this down trend continue?”
Just because the down trend covers roughly four years as did the previous uptrend, is not a reason to believe that the down trend will end soon. It might not.
Nevertheless, I believe it is worthy endeavor to take a fresh look at Gold.
Another tool we use at The Investment Compass is the Inverse ETF of Gold, GLL.
Here is what that chart looks like: