Stock Picks – SPDR Gold Shares-GLD

by Sam Collins | January 7, 2010 10:50 am

 

SPDR Gold Shares (GLD[1]) – This exchange-traded fund (ETF) seeks to mirror the price of gold bullion.   

 

As early as April 9, 2009[2], at $86.33, I put GLD’s target at $125. On Dec. 3, GLD rose to a high of over $119.

Now, with gold trading at $1,139 an ounce, with an end-of-the-year target of $1,300 from S&P, our original target of $125 seems to be achievable.

Buying now could result in a healthy profit as buyers rotate back into gold[3].

See also, 5 Gold Stocks Set to Double in 2010[4].  

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