GLD Update, True Love?
I don’t know if my Girlfriend would approve of me claiming GLD as my true love, but nonetheless the ETF is hot, and I can’t help thinking about our future together.
I posted GLD first at $77.81, then again at $82.50, and now today it is trading above $85, gotta like it.
The major buy point on GLD was on December 21st which is where my arrow is pointing when it gapped above $80. The ETF has been on the move since and shows no signs of slowing down yet.
More on this topic
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(Contrarian Profits, 9/30/08)
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Posted by Blain Reinkensmeyer on January 3, 2008 at 2:16 pm --
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Blain,
You’re just interested in GLD for it’s profit potential. I think it’s just puppy love. Stick with you GF.
lol, well said.
[...] GLD Update, True Love? [...]
[...] now that the Feds cut rates by 75bp, you can expect the trend to continue. I have claimed GLD to be my true love in the past because of its supreme run, and this is just one example of a solid play on [...]