Gold (GLD) Upside Price Targets ~ market folly

Friday, October 9, 2009

Gold (GLD) Upside Price Targets

Given the breakout we've seen in the gold markets, the guys over at Market Club just put out a quick video on gold using the exchange traded fund: SPDR Gold Trust (GLD). By measuring the consolidation period right before gold's breakout, they've identified some price targets for both physical gold and the ETF that tracks it. Since retail investors typically can't/don't trade spot gold, they turn to GLD as their investment vehicle of choice. Check out their upside price targets here.

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