Gold Breaks Out To 7 Month High
February 11, 2009 at 12:12 pm · Category: Gold
Gold powered through $940 today - its highest levels since July ‘08.
I also noticed that the Gold ETF (GLD) has traded more than 50 million shares today - it’s biggest volume day since Sept 17 and 18, 2008, the week Lehman went bankrupt and the government bailed out AIG.
Disclosure: Top Gun is long the Gold ETF (GLD) and the Market Vectors Gold Miners ETF (GDX).
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