Thestochastics indicator has developed a sharpbearish divergence since GLD topped in the summer of 2011 and completed a bearish crossover at the end of December. Gold Sells Off Despite Good News SPDR Gold Trust ( GLD ) fell 1.5% last week.Gold bugs have every reason to be bullish in the long term with news out of Japan indicating that the Bank of Japan (BOJ) intends to pushinflation up to about 2%. GLD is below its 10-monthmoving average ( MA ), a signal that it could be starting abear market .