streetTRACKS Gold Trust (ETF) (GLD)

jc09058 (52.87) Submitted: 5/06/08 4:03 AM : Start Price: $86.33 GLD Score: 30.77

This was a safety purchase concerning recent changes in the markets and in the financial condition worldwide. Recent credit issues with banks, increasing oil prices, tightening loan policies, the decrease in the Fed rate, weakening dollar exchange rate, and recent gold production issues in South Africa have caused me to seek some safety for part of my portfolio. This was done to reduce the level of risk and to secure profits within my portfolio.

Overall, I expect gold prices to continue rising over the next 6 months due to inflation mostly.

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