SPDR Gold Shares (
This exchange-traded fund (
) seeks to mirror the price of gold bullion.
As early as April 9, 2009, at $86.33,
I targeted GLD at $125
On Dec. 3, GLD rose to a high of over $119. And on Jan. 11, at
, "Now, with gold trading at $1,139 an ounce, with an
end-of-the-year target of $1,300 from S&P, our original target
of $125 seems to be achievable. Buying now could result in a
healthy profit as buyers rotate back into gold."
Gold is once again in vogue as the crisis in Greece
threatens to grow and China is rumored to be a buyer.
The target of $125 could turn out to be low, but I'll continue
to cover it here and advise you if there are changes.
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