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Gold Fails To Shine

Posted, by inthemoneystocks on January 18th, 2012

The SPDR Gold Shares (NYSEARCA:GLD) have rallied sharply higher since December 29, 2011 when the highly popular ETF traded as low as $148.27 a share. This morning the GLD is trading lower by 0.67 cents to $159.85 a share. Short term traders can watch for intra-day support around the $159.60, and $159.00 levels. Traders can watch for quick intra-day bounces around these levels. Should the GLD continue to decline below these support areas the next important level for an intra-day bounce will be around the $158.25 area.

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Authored by, inthemoneystocks
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Tickers:
AUY | GDX | GLD | NEM
Tags:
, auy, GLD, NEM, GDX
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