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The price of gold has had a massive run-up of approximately 74% since bottoming out in Oct 2008.  This run-up was due to many reasons, from the decline of the dollar to inflation fears.  We first highlighted the potential of this precious metal on our Sep 4 post, but if you had not initiated a long position then using the Gold ETF (GLD), is it too late to buy now? From the log chart of GLD be...

One a recent GLD market trends post, I highlighted how Gold (ETF: GLD) was reaching the apex of a symmetrical triangle.  The price of GLD eventually broke out of the apex on Sep 2, 2009 on massive volume, indicating a buy signal.  This breakout was confirmed the following day when GLD moved higher still with equally massive volume. This breakout makes GLD a very attractive buy.  Resistance s...

So is gold a good investment, considering the impending market correction? I have been monitoring gold for some time already.  GLD, the ETF that tracks the price of spot gold, appears to be in a favorable position for a potential bullish breakout in the coming weeks. The weekly chart of GLD below presents two technical indicators which support this conclusion. After printing a new high of a...