Bullish on GLD

١ سبتمبر ٢٠١٢

Although Gold is forming a descending bearish triangle ,investors are bullish more then ever. The biggest bulls, Soros and Paulson, increased their position in GLD. Soros bough 21.8 millions shares and Paulson 884,000 shares.

Technically speaking , GLD broke its weekly and monthly resistance. I`m long GLD with a stop @ 150.

good read:
bloomberg.com/news/2012-08-23/gold-bulls-strongest-in-nine-months-as-hoard-builds-commodities.html