GregFolin

$GLD Rides Printing Frenzy, But the Crowd is on the Bus

AMEX:GLD   SPDR Gold Trust
GLD is riding high following a liquidity-strike pullback in the heat of the crash. And there's nothing but money printing ahead. However, CFTC positioning is a potential obstacle. The futures have already exceeded the early March highs.

A move back under $152 is a bearish development. Otherwise, the trend is your friend.

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