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GLD - Huge Shift In Sentiment Could Be Setting Gold Up For A Short-Term Pullback
SPDR Gold Trust
The last time I wrote about gold was back in September and one of the reasons was because of the sentiment toward the precious metal. In that article, I suggested that it was time for investors to go long on the SPDR Gold Trust (GLD) in order to take advantage of a rally that I saw on the horizon.
At the time of my article, gold was trading around $1,200 an ounce and looked to be building a base. The commodity itself was oversold and so was the GLD. While that was interesting