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IBDvalueinvestin (99.67)

GLD & many Gold stocks now up again after early weakness

Recs

3

April 06, 2011 – Comments (1) | RELATED TICKERS: GLD , SLV , PALL

but Gold spot price has now come all the way back to green up +2.10 to $1458.90/oz

as traders start buying the dip on expected European interest rate hike. Which would be positive for the Euro and negative for the US Dollar.

The effect would be Gold spot price going higher as US dollar weakens.

 

 (GLD, GG, MFN, NSU, HMY, GFI, GRS, AUY, ABX, BVN, NGD)

1 Comments – Post Your Own

#1) On April 06, 2011 at 3:36 PM, Betapeg (< 20) wrote:

I am short DZZ and DGZ which are short on gold. I am long AG. 

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