Algokid
Long

Bullish on GLD

BATS:GLD   SPDR GOLD SHARES
383 8 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/gold-bulls-strongest-in-nine-months-as-hoard-builds-commodities.html
www.passivestor.com
sbokov PRO
4 years ago
I'm also long GLD
Reply
Algokid PRO sbokov
4 years ago
Yeah , I will hold gold till the end of the year. I believe it we'll see new highs
Reply
Algokid PRO
4 years ago
Stop moved up to $157
Reply
Algokid PRO
4 years ago
Still bullish on gold . Holding some IAU shares till the end of the year
Reply
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