Trend filter benchmark: 20% annualized rate of growth over a 200 day moving average.
The Gold ETF (GLD) is trading 4% above trend. By comparison, the Nasdaq 100 Index ETF (QQQ) is trading 11.2% above trend, and, the S&P 500 Index ETF (SPY) is trading 3.3% below trend.
Trendanomics 