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Gold = $1050

Posted By Barry Ritholtz On October 8, 2009 @ 10:00 am In Commodities,Currency | Comments Disabled

30 Day Gold Chart
30 day gold [1]

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We own some gold and miners.

As I mentioned in an article this summer, you can look for a close ofGLD over $100 and spot Gold over 1032 highs to get long or add to your position (Ideally,a close over 1050).

While some people call this an inflation trade, it is in my opinion a dollar trade. Similar but not quite the same thing.

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12 Month Dollar Chart
click for larger chart
10.07.09 dollar chart [2]


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[1] Image: http://www.ritholtz.com/blog/wp-content/uploads/2009/10/30-day-gold.gif

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