Thursday, April 24, 2008

Good time to buy in GLD10US$




StreetTracks Gold shares fell by almost 2 dollars today to close at $88.84 as the US Dollar strengthen against the EURO, reducing the demand for the precious metal as a hedge against further drop in the US dollar. GLD shows strong short term support below the US$89 mark. If GLD was to further decline in tomorrow trading, it would present great opportunity for buying in, even for the short term

No comments:

Subscribe via email

Enter your email address:

Delivered by FeedBurner