Buying GOLD (04.02)

March 4th, 2009 by Trader Tony Leave a reply »

Those of you, who are looking to buy gold for the past few months and hold it as a long term investement, here is your chance.

It is trading in a beautiful uptrend right now and has ton of support at 900-850 levels (see the chart below).

I would suggest wayting for GOLD ETF [[gld]] to fall to 88.00 level, where you can start building your long-term position. For those, who would like to see more exposure, [[DGP]] should do the trick.

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