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Monday, January 25, 2010
S. Collins buy on GLD
Don't Miss the 2010 Gold Rush
by Sam Collins 01/11/10
SPDR Gold Shares (GLD) -- This exchange-traded fund (ETF) seeks to mirror the price of gold bullion.
As early as April 9, 2009, at $86.33, I put GLD's target at $125. On Dec. 3, GLD rose to a high of over $119.
Now, with gold trading at $1,139 an ounce, with an end-of-the-year target of $1,300 from S&P, our original target of $125 seems to be achievable.
Buying now could result in a healthy profit as buyers rotate back into gold.
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