Historical gold price in USD and inflation adj...

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When I called a PoulTrend Alert on 8/1/2011  SPDR Gold Trust (ETF) (GLD) was trading at $158.00. On Friday (GLD) Climbed $5.11 (2.96%) to $177.47 of which is still $7.35 off its 52 week high of $184.82. This 52 week high of which was hit on 8/22/2011. Since Friday gold has surged higher again after the Federal Reserve Bank Chairman Ben Bernanke gave a speech which indicated that the easy monetary policy would continue. With this being said Gold could soar again to old highs around $1900.00 an ounce or even higher. However be aware the one thing that traders must guard against is of course another margin hike by the CME group. Could this happen of course but do not forget back in April when Silver rally was sky rocketing, and there was four separate margin hikes of which ultimately killed the rally.

Currently I am Long Gold, and Silver! and (GLD)UGL)(SLV)(GDX)

Disclosure – Currently I have a position in (UGL) however do not hold a position in (GLD),(SLV), and have no plans to initiate a position in the next 72 hours.

Photo Disclosure- I do not own nor claim to own this chart photo. This chart can be found at the URL listed below Photo.

 

 

http://www.kitco.com/ind/Handwerger/aug252011.html

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Comments
  1. I never thought of it that way, well put!

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