Thursday, October 24, 2013

Gold


Chart of the gold ETF-GLD .  GLD chart is courtesy of FINVIZ.com.  Gold's done nothing for a few years.  It collapsed this year as the world political and economic situation seemed to settle down.  Its now locked in the trading range shown on the chart above.  I own a little gold for a select few clients and am probably not a seller because of its hedging properties but I can't figure out why I'd want to buy more of this right now.

*Long GLD in certain client accounts.