Algokid

Bullish on GLD

Long
BATS:GLD   SPDR Gold Trust
2
Although Gold is forming a descending bearish triangle ,investors are bullish more then ever. The biggest bulls, Soros and Paulson, increased their position in GLD . Soros bough 21.8 millions shares and Paulson 884,000 shares.

Technically speaking , GLD broke its weekly and monthly resistance. I`m long GLD with a stop @ 150.

good read:
http://www.bloomberg.com/news/2012-08-23...

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