Use ETF’s To Profit From Gold’s Next Move
“Gold bulls have been having a tough couple of weeks. The yellow metal has taken it on the chin as the U.S. dollar rallied hard. Many market analysts are rushing to say this shows that gold just can’t get above $1,000 an ounce. Some prominent gold watchers are giving up in disgust,” Reports Sean Brodrick from HowesStreet.
“While I have been predicting gold would go lower recently — and that call turned out to be correct — I’m NOT bearish o.n gold longer-term. In fact, I think gold’s recent action is a set-up for a move to close to $1,300 an ounce — a move that could start very soon. And it’s a move that could be very profitable for you,” Sean Brodrick says.
FREE Trend Analysis for GLD Here
A way to play Sean Brodrick’s gold trade is with a gold ETF (GLD). “SPDR Gold Shares (GLD), the world’s largest gold-holding ETF, saw its April cash inflows soar to $11.8 billion.”
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Categorised as: Gold ETF's