FYI: Gold is batting three-for-three so far in 2016.
Prices for the yellow metal have risen each day this week set against a backdrop of global worries, recently up 1.2% to $1,091 an ounce. The recent rise pushed the SPDR Gold Shares exchange-traded fund (GLD) above its so-called 50-day moving average, a pivot point technical analysts view as an indicator of short-term momentum. It’s the first time in about three months that GLD has been above that level.
Regards,
Ted
http://blogs.barrons.com/focusonfunds/2016/01/06/gold-is-off-to-a-fast-start-in-2016-charts-look-bullish/tab/print
