Downside Target Met In SPDR Gold Trust (GLD)
Posted on: Tuesday, October 4th, 2016
The SPDR Gold Trust ETF (GLD, which tracks gold prices) met our $122.75 downside target this morning, initially discussed in the August 23rd Keys To This Week report (access requires subscription), to capture a $5.01, 4% decline in about 6 weeks.
Here is the chart from our August 23rd report.
GLD daily through August 23rd 2016
Here is the updated chart as of this morning.
GLD daily through the morning of October 4th 2016
Asbury Research subscribers can view our current research on global commodity prices like gold and GLD by logging into the Research Center via the big gold button in the upper right corner of the screen.
To non-subscribers: Request more information about us, including services and pricing, by visiting our Contact Us page or by calling 888-960-0005.
All Contents © Copyright 2005-2017 Asbury Research LLC. The contents of all material available on this Internet site are copyrighted by Asbury Research LLC. unless otherwise indicated. All rights are reserved by Asbury Research LLC., and content may not be reproduced, downloaded, disseminated, published, or transferred in any form or by any means, except with the prior written permission of Asbury Research LLC., or as indicated below. Members of Asbury Research LLC. may download or print web pages for personal or academic use, consistent with their user agreement. However, no part of such content may be otherwise or subsequently reproduced, downloaded, disseminated, published, or transferred, in any form or by any means, except with the prior written permission of and with express attribution to Asbury Research LLC. Copyright infringement is a violation of federal law subject to criminal and civil penalties.