Gold Seeing Its Next Wave Of Selling
As the markets continue to stabilize and climb, fear falls away. When fear dissipates, gold retreats. Today the SPDR Gold Trust (ETF) (NYSEARCA:GLD) is falling sharply once again. The gold ETF is trading at $152.55, -2.02 (-1.31%). The GLD will continue to see downside until $148-$149. At that level it will see a solid bounce higher.