GLD is the ETF that tracks gold. This is one position that you can be long and be comfortable for the next year the trend is going to be up, it will back and fill along the way but the trend is your friend here. Let the trend do the heavy lifting.
With all currencys likely to be under pressure this is even more incentive for GLD to move higher. As governments, institutions will likely put fresh capital to work in this precious metal and avoid currencys. Actually it was reported that Russia started buying gold as it had been promising. Its not that the dollar is strong, its all other currencys are very weak and will continue to be so. The dollar rally will eventually run its course and make new lows in the future.
I will be buying GLD on a decent pullback to support. As I believe it will be higher in 6 months time and even higher in 12 months time.
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