GLD Looks To Go Green As Equities Fall (GLD, SPY)

by Benzinga Staff
August 30, 2010 1:35 PM | 18 seconds read

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

Shares of the SPDR Gold Trust ETF (NYSE: GLD) are on the precipice of going positive on Monday as equity prices are falling. The widely owned ETF is currently down 0.04% to $120.96. The Dow Jones Industrial Average has lost 80 points and is trading around 10,071. COMEX gold futures have gained $1.30, or 0.11%, to $1,239.20.

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

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