SPDR Gold Trust - Time to Buy or Sell Gold Now in December 2011?

SPDR Gold Trust - Time to Buy or Sell Gold Now in December 2011?

SPDR Gold Trust. Sell Signal

We have looked at oil stocks such as Chevron and Exxon Mobil. They are a proxy to the oil price. Now we will take a look at gold. If you do not want to buy or sell physical gold, you can look into gold mining companies or Gold ETFs. An example will be the SPDR Gold Trust. You can trade it as you would a stock on an exchange.

The SPDR Gold Trust has just penetrated below the 200 SMA line. Looks like the gold rush has slowed down for now. Time to short gold...