Another Day; Another Fresh All-Time High For Gold (GLD, GDX)
Posted in: Long Ideas, Sector ETFs, Pre-Market Outlook, Intraday Update, Markets, Trading Ideas, ETFs
Gold is up $11.70/ounce to $1,068.70/ounce today, which is a fresh all time high.
The metal is up close to 7% over the past month, and has significant momentum as the US Dollar continues to find new lows.
Look for Market Vectors Gold Miners ETF (NYSE: GDX) and SPDR Gold Shares (NYSE: GLD) to perform well today. GLD is up 0.8% in the pre-market while GDX is up close to 2% this morning.
Silver is also higher this morning at close to $18/ounce.
(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
We're Loving
