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Golds Sweet Spot

Posted by StockBuz on June 26, 2011 at 4:06pm
During the height of the credit crisis, margin calls became a daily occurrence and even gold felt the pain as investors were forced to liquidate [even partial] positions to raise quick cash. With that one exception over the last five years, GLD has found strong support and vigorous buyers at the 30wk SMA [also known as the 150d] Based on BB expansion, I believe it's headed back there now..........time will tell and my standing buy order is there. Is yours?

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Tags: gc_f, precious-metals, gld, gold
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