Opinion on streetTRACKS Gold (GLD) Sector: Financial > Industry: Misc. Financial Services
Inflation and Interest rate hedge

Mar 31, 2008 05:44 PM UTC

Aaron Day

Return	Risk
+4.84%	LOW

Jr. Analyst

Profile & Performance

Subscribe to author

This pick is about: GLD

Rating:	$90.59 (03/31/08)
Gain/Loss:	-9.28% in 150 days

While GLD has stumbled since late January, there is ample reason to be long through the remainder of this year. The credit crunch and the price of oil have cast a pessimistic pall over the market and inflationary concerns are cropping up. In this type of economy, GLD not only will hedge your portfolio, but you'll see a significant gain. It wouldn't be unreasonable to see GLD hit $200 at some point over the next 18 months.