Loading ...“Gold Breaking Out
Most of what we follow for gold has been neutral for the past month as the Risk Level recovered from what had been low levels. Now that the metal is breaking out to its highest price in nearly a year, we should see some of those measures quickly show more optimism.
An initial sign is that traders are rushing into the GLD fund. It took in more than $600 million on September 1, and averaged an inflow of more than $200 (million) per day over a 5-day period.”