After topping $110 earlier in the week, GLD receded quickly and ended the week around $108 in cautious trading. An recent acceleration in Chinese inflation sparked worries that the country may tighten monetary policy to curb the trend. Gold In supply news, South Africa’s statistics service said the country’s gold output fell a full 18.2 percent year-on-year in January.
Posts Tagged ‘AUY’
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January 24th, 2010
Gold bugs get crushed…so does everyone else
Update 1/29 9PM: Gold ended flat for the day and showed no strength the entire week. We are still on the sidelines to get into the miners. Update 1/28 9AM: We see some light strength this morning in gold, If GLD can break 107, we will add to our position in AUY. var pubId=23923; var [...]
