Did GLD Just Enter A Bull Market? - SPDR Gold Trust ETF (NYSEARCA:GLD) | Seeking Alpha: "Gold would need to move above $1,200, or 115 on GLD, for this rally to have some real momentum behind it. Until that happens, it's too early to say the bear market is officially over. The short-term trend might be up, but the long-term trend isn't yet."
Gold would need to move above $1,200, or 115 on GLD, for this rally to have some real momentum behind it. Until that happens, it's too early to say the bear market is officially over. The Goldcorp (NYSE:GG) is down 21.7%; it was down 35% YTD at the beginning of this month.
short-term trend might be up, but the long-term trend isn't yet.
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