Beat the Gold Rush Now

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SPDR Gold Shares (NASDAQ: GLD ) -- This Exchange Traded Fund ( ETF ) seeks to mirror the price of gold bullion.  As early as April 9, 2009, the COD targeted GLD at over $125. 

 

  SPDR Gold Shares Chart

Chart Legend    

The COD has been consistent in identifying the gold trend, earlier this early this year the COD spoke to the possibility of $125 being low, "The target of $125 could turn out to be low, but this is a topic that is regularly covered by the COD and I'll advise if there are changes." 

On June 9 th the COD said, "We will now revise that target to $130 with the possibility of even higher prices later this year.  In such trying times investors usually flock to gold and now may be the final opportunity to buy it before a quick run to our target." 

It is time to reiterate our target of $130.       

If you have questions or comments for Sam Collins, please e-mail him at samailc@cox.net .  

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas

Referenced Stocks: ETF

Sam Collins

Sam Collins

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