The Edge: A Golden Opportunity Remains

By Derek Hoffman

Intuitive Surgical Hits $393!

The Hoffman Brothers called ISRG at $152 and it ran to $393 for a 158% gain! See what the Hoffman Bros recommend you buy NEXT.

The Trading Edge with Derek HoffmanWith zero-interest rate policy still in effect, the Gold Rush still continues. Today, Gold reached record all-time highs while GLD broke $106 and continues to flex its strength in the market.

Last month, we recommended GLD in our Premium Monthly Newsletter as a buy at $100 and a hold so long as GLD holds the $100 mark. Our upside target is $115-120 (taking profits along the way, of course). So far we’re up over 6% in less than 4 weeks.

The rally in Gold today is coming amidst a rally in the U.S. Dollar. This is a great sign for Gold because typically there is an inverse relationship between the U.S. Dollar and Gold. Thus, the demand for Gold remains sky high and should only continue until interest rate policy changes beyond rhetoric.

GLD

Looking for more Trading Insights? Try these posts:

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GLD Gold Chart Analysis
Read more on Gold, SPDR Gold Trust at Wikinvest


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This post was written by:

Derek Hoffman - who has written 99 posts on Wall St. Cheat Sheet.


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