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home / news releases / GLD - Gold Looking Precious Dollar Precipitous


GLD - Gold Looking Precious Dollar Precipitous

As opined in my article just a few days back "Gold On Cusp of Breakout," the yellow metal would develop wings once it thrusts past the 1,365 resistance. When my piece was published, Gold (GLD) was trading at 1,341. Just three days later, Gold is now trading at 1,383 with today's high at 1,394. Gold is looking precious right now, and looks set to go 100-200 points higher. Gold has been trapped in a very tight range between 1,050 to 1,365 for close to 4 years. A breakout from this containment

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Stock Information

Company Name: SPDR Gold Trust
Stock Symbol: GLD
Market: NYSE
Website: spdrs.com

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