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JustinBilyj

War with Iran - Gold $GLD is going up

Long
SPDR Gold Trust (AMEX:GLD)  
JustinBilyj Updated   
AMEX:GLD   SPDR Gold Trust
Beyond Technical Analysis
3
0
beyondta
The one reason gold would skyrocket as I said before is war with Iran, and now we have some explosions in the Strait of Hormuz. $GLD will go to 132 - if no war it will drop from there.
Comment:
Expect a run-up until the FED meeting - when the FED WON'T cut rates yet (look to September-December) - then gold will get smashed back down...
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