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. 

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