Technically, the gold chart is very bullish, and I believe this uptrend will create a new high for GLD. It's no doubt to own good Gold stocks at this moment.
I think gold price may go to 1200 USD p/o this round and sending the GLD to 117 USD.
Buy on any pull back. Also consider October options play for ABX, GG and GLD.
Other metals, as I talked about Aluminum, it's better to play options on AA rather than ACH, due to size of spread.
Monday, July 14, 2008
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