Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Gold is Breaking Out

|Includes: AUY, FCX, GDX, SPDR Gold Trust ETF (GLD), GOLD, GOLD, RGLD

Looks today like Gold is breaking out.  We've taken out the 100 level and old highs on the SPDR Gold Trust ETF (NYSEARCA:GLD), which is a decent proxy for gold spot prices.

GLD Weekly Chart



Moby Waller,
BigTrends.com
1-800-244-8736
 

Disclosure:  Moby Waller recommended selling a Put Credit Spread on a gold stock today to his Advanced Options Strategies subscribers.