May 20, 2009 (FinancialWire) (By Frank Kollar) — Shares of Streettracks Gold (NYSE: GLD have been on a slow advance since successfully testing their April lows. This is not typical action for this volatile ETF.

When GLD starts acting like a stodgy big cap stock it makes you wonder why. GLD broke above a declining trend resistance line formed by a series of lower rally highs on May 6. Since that breakout GLD has made steady but slow progress to the upside.

There is strong support at $85.00 a share which has been tested successfully and now this steady rise. GLD looks ready to try for a close above $95 a share. If it can do that, we may see a run for its old highs at $100.

Frank Kollar has been timing the financial markets since 1982, with online service since 1996. He is a dedicated trend timer and his strategies exited the markets before the crash in 1987 as well as the bear market in 2000 through 2002. During the 2000-2002 bear market, his bearish positions resulted in gains exceeding 100 percent, all achieved by trading trends.

Kollar’s research has shown that the financial markets are in tradable trends approximately 80 percent of the time. FibTimer strategies define trends and trade them in both advancing and declining markets. Caring nothing about what newscasters say or what the latest economic indicator predicts, trends are where the profits are, and that is where FibTimer is.

Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.

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