SPDR Gold Shares (GLD) — This exchange-traded fund (ETF) 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 $105.58, I said, “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.
Related Articles:
- How GLD Can Protect Your Portfolio Against Inflation
- 4 Lucky Option Trades
- Get in Before Sprint is Off and Running
Going Global for World-Class Profits
Countries such as Brazil, India and China are all forecasting GDP growth that surpasses that of the United States. This special report from CNBC’s Maria Bartiromo shows you the best way to go after world-class profits now. Download your FREE copy here.