The image below is the chart of SPDR Gold Trust ( ARCX Ticker Symbol: GLD ).
It is a multi-days chart showing Composite Time Price Opportunity (TPO) Profile on the left side and Composite Volume Profile on the right side.
This is an unique charting technique and requires some explanation on how to read the chart.
This chart shows more information than the conventional graphical chart. Don't be overwhelm. Once you get accustomed to reading this type of chart, it will stimulate your whole brain. The left hemisphere of your brain which is responsible for logical, rational and analytical functions will be engaged by the numerical data portion of the chart. The right hemisphere of your brain which is responsible for the intuitive and subjective functions will be engaged by the graphical portion of the chart.
This gives you an advantage of engaging your whole mind when it comes to trading instead of using just a section of it.
Showing Time Price Opportunity (TPO) Profile side-by-side to Volume Profile gives you a quick synopsis of
The SPDR Gold Trust is an investment trust, formed on May 20, 2008. The Trust holds gold bars and is expected from time to time to issue Baskets in exchange for deposits of gold and to distribute gold in connection with redemptions of Baskets. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trustï¿½s expenses. As at March 31, 2010, the amount of gold owned by the Trust was 36,324,952 ounces with a market value of $40,520,483,790.
Gold is a physical asset that is accumulated, rather than consumed. As a result, virtually all the gold that has ever been mined still exists today in one form or another. China is the world's biggest gold producer with 314 tonnes last year. Australia is ranked number two on gold production with 227 tonnes, followed by USA with 216 tonnes and South Africa with 210 tonnes.
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