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Gold Stands Out With Blood In The Street

Posted, by inthemoneystocks on April 10th, 2012

This afternoon, almost every major stock market index is trading lower on the session. Traders and investors are experiencing a very rare broad based decline. The one sector that is showing strength today is gold and the gold mining stocks. The SPDR Gold Trust (NYSEARCA:GLD) is actually trading higher by $1.88 to $161.25 a share. It is very important to note that gold has been weak since February 28, 2012 when it traded as high as $174.00 a share. Despite today's rally in gold the precious metal is still in a weak technical position on the daily charts. The catalyst for the rally in gold is simply due to more chatter that the Federal Reserve will now consider implementing another quantitative easing program after today's stock market decline.

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Authored by, inthemoneystocks
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