Friday, March 19, 2010

SPDR Gold Trust Makes Top Of Wall Street Journal's Selling-Into-Strength List

That list tracks stocks that rose in price but had the greatest selling pressure despite the gain; it's a rough indicator of distribution. The SPDR Gold Trust (GLD) made the top of the list for yesterday.

Perhaps coincidentally, gold was hammered at about 10:20 AM ET. In the space of ten minutes, the metal fell from $1,123 to $1,104.40.

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