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• Gold is Ready to Regain its Shine
• One Billionaire Investor’s Favorite Gold Stocks
• How to Trade the Debt Ceiling Crisis

• ETF 100% Rate It
• GLD 77% Rate It

SPDR Gold Shares (NYSE: GLD ) - This exchange-traded fund (ETF) seeks to replicate the price of gold bullion minus the fund's expenses.

GLD had a terrific run from $80 a year ago to the recent new breakout high at over $153. But profit-taking and a stronger U.S. dollar resulted in a pullback to its 50-day moving average.

However, on Friday, buyers emerged and drove the closing price through a bullish triangle , closing it above its 20-day moving average. The strength also triggered a buy signal from the slow stochastic. It is likely that this latest round of buying will lead to a new high of $155 to $160.

Since commodity ETFs may be subject to greater volatility than traditional ETFs, they may not be suitable for all investors. Traders should enter stop-loss orders to protect against significant losses.

If you have questions or comments for Sam Collins, please e-mail him at asksam@investorplace.com .

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