| From Seekingalpha.com: Considering the turmoil in the Middle East and the spike in oil prices after Libya’s uprising, I am extremely surprised that the price of gold didn’t break $1,420 earlier; it took until yesterday, March 1, to move beyond that barrier, propelling the metal into short-term overbought territory as of today.
I cannot complain about the event from a trade perspective, and have held the famous SPRD Gold Trust (GLD) since February 17, with futures having conquered the 1,367 level that I mentioned in my post “What Do Global Events Mean for Gold?" and triggering the reverse play...........................................Full Article: Source
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