GLD and Other Gold Stocks - Patience

Dollar's gain means gold's loss.  Breaking the 50 EMA today does not bode well.  If the dollar continues to rally, we could see further deterioration or side ways movement in price of gold.  Long term view is still extremely favorable - Gold is in an extremely solid long term uptrend.  In the short term, a replay of Feb-March is not out of the question.  Retracing to 104-105 area is very likely.