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GLD Marching Higher

The popular and highly traded GLD also known as the gold ETF is trading higher by $1.25 to $118.23. This morning the major stock market indexes have inflated higher after the dissappointing job report. However, the U.S. Dollar Index is falling off a cliff declining by 0.63 to $80.19. The should help lift the GLD. The GLD will have intra-day resistance around the $118.50 and $119.00 levels.