Monday, July 25, 2011

GLD $156.12 [Real $]

The jitters in the economy over the debt ceiling and the inability of the political puppets to come to an amicable conclusion led me to buy gold ETF (GLD).

Truck loads of earnings are coming out today, but I believe that the debt ceiling issue may cause many of these stocks to decline which will turn into a good buying opportunity.  I will buy GLD and get out and replace it with an oversold stock so I can realize a higher return than what the GLD alone can provide me.

- Saliq Khan

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