Gold…Yet Again
Scott Redler of T3Live.com
We recently reentered the gold trade with an average price of $110.44 on the GLDs after having exited our year long position on 12/3. If GLD can get an hourly close above $111, I will add yet another tier–approximately $1,140 in the commodity itself. Take a look at the chart below for a visual depiction of the trade.
Categorised as: Gold ETF's, Gold News