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Trading Strategy – SPDR Gold Shares

  Gold prices inched up to their highest in more than a week on Monday amid heightened geological tensions.  The SPDR Gold Shares (GLD) rose 0.82 percent to 122.08.  The ETF has risen more than 11 percent YTD, trailing the S&P by about 2 percent.  Monday’s rally indicated a bullish turnaround, according to our “U.S. …[read more]

Trading Ideas That Paid - GLD

A drop in the dollar index drove gold price higher from its worst three-day decline in nearly three decades from the session before, up 3.6% to settle Tuesday session at $1,652 an ounce.  As such, the SPDR Gold Shares (GLD) gained 1.94% to close at 160.63.  Below is an update look at a trade in …[read more]

Trading Ideas That Paid - GLD

Concerns about capital levels at euro-zone banks spurred a flight to safety in the precious metals.  December gold settled higher by 1.6% to $1822.00 per ounce in Thursday trading session. Futures traded to a new all-time high, at $1829.70, shortly after the open of equities and spent the remainder of the day chopping around just …[read more]

Trading Ideas That Paid - IAG

Following the Fed speak, the U.S. dollar continues its downward trend and precious metals continued to move up in Wednesday trading session. Gold set a new record high of roughly $1530 per ounce while silver extended its 30-year high to more than $48 per ounce. As such, the SPDR Gold Shares (GLD) advanced 1.9% to …[read more]

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