GLD seems to be finding support around $155-160. It bounced up when it reached these levels last January and in October 2011. It is doing it again now.
I am starting following GLD more closely because it looks like a nice trade is shaping up. Its strength would be particularly more reliable if other commodities strengthen and bond yields start moving higher gain.
I let my models tell me what to do.
George Dagnino, PhD
Editor,
The Peter Dag Portfolio.
Since 1977
2009 Market Timer of the Year by Timer Digest
Portfolio manager
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