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Opinion on  streetTRACKS Gold (GLD)     Sector: Financial  >  Industry: Misc. Financial Services
Gold looking a little toppy

Oct 26, 2007 09:45 AM GMT
Me
Return Risk
-6.05% HIGH
Analyst

Great strength in gold over the last couple of months, however I think a fall back to likely support in the $700-$715/oz level is probably likely and needed to allow gold to then push on higher and past 800 I would look to reverse to a buy around the 71 level in the next month or so

GLD:  This call was made on 10/26/07 @ $76.87
Rating:   Negative   $76.87 (10/26/07)
Closed:   01/03/2008 @ $84.87 (-10.41% in 69 days)
Target:   $71.00 (-7.64%) in One month


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