Posts Tagged ‘SPDR Gold Shares’

Yamana Gold

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Watch for this week Gold to surpass its Previous high of $1913.00 this week.
Factors!
Currently Gold at $1909 an ounce. If there is a sell of stocks this morning, watch for many to invest back into Gold, bringing gold over its 52 week high, and to new highs!!!
Watch List!
SPDR Gold Trust (ETF)  -GLD
Market Vectors ETF Trust – GDX
ETFS Gold Trust  -SGOL
iShares Gold Trust (ETF) –IAU
Randgold Resources Ltd. (ADR) -GOLD
Vista Gold Corp. -VGZ
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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