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Opinion on  streetTRACKS Gold (GLD)     Sector: Financial  >  Industry: Misc. Financial Services
Bearish on GLD ...

Apr 13, 2009 06:40 AM GMT
Moneyman
Return Risk
+22.01% LOW
Analyst

Everybody seems to know that dollar is under pressure and doom day is coming so on and so forth, then why isn't the dollar tanking or Gold hitting highs? Can't argue with the price action. I am not so sure if GLD is such a great investment right now. Will change my ranking if things change


Update 05/13:

Yes, dollar did break down and Gold did break the down trend. The only reason I am not buying gold yet is the down trend break was not all that convincing. Let it cross the 1000 resistance for me to be interested.


GLD:  This call was made on 04/13/09 @ $88.03
Rating:   Negative   $88.03 (04/13/09)
Closed:   05/13/2009 @ $90.7 (-3.03% in 30 days)


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