Gold ETF Still a Good Buy

By
A A A

SPDR Gold Shares (NYSE: GLD ) - This exchange-traded fund (ETF) seeks to mirror the price of gold bullion.

We have been recommending GLD for over a year. On Sept. 16, at $124, the Trade of the Day said, "An intermediate correction in July only temporarily interrupted the rising price of gold, and this week, GLD broke from a triple-top to a new high. The immediate target is still $130, but with new buying from central banks, the price could jump to $140."

And on Nov. 9 , I said, "With the recent breakaway gap, the possibility of a 'currency war' and a rush to precious metals, our target is raised to $150-plus."

I'll stick with this assessment and consider it a good buy now.

Trade of the Day - GLD Chart

Trade of the Day Chart Key

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



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

More from Sam Collins:

Related Videos

Your Car Is Spying on You
Your Car Is Spying on You           

Stocks

Referenced

100%
76%

Most Active by Volume

73,078,214
  • $30.33 ▼ 3.90%
57,046,796
  • $15.52 ▲ 0.45%
51,290,831
  • $100.57 ▲ 0.04%
39,855,468
  • $8.13 ▲ 1.37%
31,693,544
  • $5.50 ▲ 20.35%
31,532,510
  • $10.33 ▲ 0.78%
31,526,753
  • $39.10 ▲ 47.21%
28,366,542
  • $26.36 ▲ 1.19%
As of 8/20/2014, 04:04 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com