Weekly Newsletter   Challenge account   Weekly Newsletter   

New trade – Gold ETF (GLD)

As I wrote in my previous post I wish to have some exposure to gold and be buying on dips. I believe that in long term gold will gain value, so I will be buying these corrections in gold as we could see today, for example.

I had an open order from last week to buy GLD if the price drops below 162.7 a share. It happened today and I added few more shares into my portfolio.

11/02/2012 12:42:35 Bought 4 GLD @ 162.64

As of today I own 7 shares. As I mentioned before I have a small account and my plan is build a strong dividend paying portfolio. I do not have more cash available so as of now I will be in saving mode saving more cash for future additions.

Happy Trading!

Leave a Reply

Your email address will not be published. Required fields are marked *