While GLD has stumbled since late January, there is ample reason to be long through the remainder of this year. The credit crunch and the price of oil have cast a pessimistic pall over the market and inflationary concerns are cropping up. In this type of economy, GLD not only will hedge your portfolio, but you'll see a significant gain. It wouldn't be unreasonable to see GLD hit $200 at some point over the next 18 months.
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$90.59 (03/31/08)
