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home / news releases / GLDM - A Gold Rally Resembling 2016


GLDM - A Gold Rally Resembling 2016

Gold: Fear Trade Or Something More?

If there was an "asset class of the summer", it would have to be the gold complex. The price of physical gold has jumped +20% since May.

The weekly chart of gold looks attractive for chartists. A three-year basing pattern then clean break above 2016 and 2018 highs. Technicals alone, as we discuss below, won't bring the gold price back to 2011 highs, however.

As asked in our sub-title, is gold surging on fear of recession? Or trade war uncertainties. Or perhaps gold just goes through cycles, like any

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Stock Information

Company Name: SPDR Gold MiniShares Trust
Stock Symbol: GLDM
Market: NYSE

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