Wednesday, 6 June 2012

Taking a look at Gold ETF GLD

Dear Friends,

Seems like Gold, or Gold ETF "GLD" is consolidating these 2 days, after its great rise on Fri 1 June when the Jobs report comes up.

Looks likely to advance as it seems not to decrease a lot. Volume suggests accumulation.

Let us see if it breaks $158.3, the highest point reached 2 days back

If it breaks and close above, may rise further.


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