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

On June 9, I 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.

GLD Stock Chart

Chart Legend

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 , Stocks

Referenced Stocks: ETF , GLD

Sam Collins

Sam Collins

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