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.