Gold 50 day Moving Average is $925
Gold 200 day Moving Average is $870
GLD (SPDR Gold Shares on NYSE)is trading at $90.54 at the close, down 1.5%.
the 50 day MA is $90.90, the 200 day MA is $85.62.
Today's pull back is almost a 2/3 retracement from the April low to recent high.
Buy some here (50 d MA) and maybe some more at the $85 (200 d MA) range.
I believe Jim Roger's comments and think that printing all those Greenbacks can't be good for US inflation.
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