Thursday, April 28, 2011

Pretty shiny yellowey


2:03 pm (Hawaii) Opened a very tiny position in GLD for the first time (149.69). Last-minute decision before afterhours trading closed and only half of my position was filled. I'll take it. Until the dollar strengthens and China stops buying precious metals, I'm fairly comfortable here.

Technically, GLD's chart looks nice, broke out to a new high yesterday. Today's volume was strong, but didn't match yesterday's. It's not a perfect entry point, but it's better than the closing price (149.82).

There's a lot to like about Spot Gold right now. Probably always will be.

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