Gold Breaks Out To 7 Month High

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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