| The SPDR Gold Shares, the world’s largest exchange traded fund backed by physical holdings of gold, has surged more than 12% to start 2016. While that is an impressive showing, GLD and rival gold exchange traded products remain mired in bear markets, indicating there is more work to be done.
However, bullion’s bounce has not convinced all market observers that a sustained rally is in store. Although precious metals ETFs have recently displayed some strength, gold is still in a lengthy bear market, giving some traders pause about how much more near-term upside the yellow metal has in store...............................................Full Article: Source
|