My guess is up..2014 should have more vol in stocks. Right now with the market "over priced" GLD should have some attraction.
last GLD I bought was at 1600 after a few months I sold it at 1600 since then my target is 60% stocks 30% bonds 10% cash there is a case to be made for 60% stocks 30% bonds 10% GLD either way GLD is just an alternative to cash, not an investment I keep 10% in my forex trading account, so sometimes I'm long sometimes I'm net short USD, so it's not a true hedge perhaps some kind of CRB basket that includes CL and NG would be a good place to keep some cash
================= Gold, silver, GLD, SLV is most likely UP; long term trends are up. Not a prediction; wisdom is profitable to direct %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
GLD needs to take out 125 on good volume= really good *preliminary* bullish scenario. Then *IF* GLD also takes out 135, the trend is *probably* changed back to up *at least until/if it changes back down again*. That's it! PS: long term stop loss would be below the double bottom lows of about 1140...long term charts are still very bearish, but they change direction like super tankers turn: very slowly. The weekly charts look pretty darn good. But they may look like crap next week, or in a few weeks. So many times the bottom has been called only to have price head lower. Use the monthly charts on the last day of the month to help determine. Use trend lines and volume.