Will Gold Get the Flu? (GLD, GDX, IAU)

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April 27, 2009 9:24am NYSE:GLD

swine-fluGold is not being used by industry right now and demand for jewelry remains highly unexciting, but many traders are still using the shiny metal stuff for the ultimate flight to safety for protecting against uncertainty and inflation. Some ETFs we track, SPDR Gold Shares (NYSE:GLD), Market Vectors Gold Miners ETF (NYSE:GDX), and iShares COMEX Gold Trust (NYSE:IAU) were all off around 1% in pre-market trading this morning……..

………..If the threat to global health and the global economy from the swine flu worsens, gold prices could move up.

Full Story:   http://247wallst.com/2009/04/27/will-gold-get-the-flu-gld-gdx-iau/

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