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Gold Seeing Its Next Wave Of Selling

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February 28, 2013 – Comments (0) | RELATED TICKERS: GLD

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.

Gareth Soloway
InTheMoneyStocks

 

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