GLD

The price of gold climbed to yet another record high today with the precious metal boosted by its safe-haven status.  Gold hit a two-month high of $1,255.20 dollars an ounce Thursday, another reason to go long on the SPDR Gold Trust (ETF) (NYSE:GLD).

The iShares Silver Trust (ETF) (NYSE:SLV) and SPDR Gold Trust (ETF) (NYSE:GLD) are staying close to their respective 52-week highs and investors continue to pile into silver and gold as a hedge to the increased volatility in U.S. equities.

Goldman Sachs Group Inc. pledges to back a new convention center if Nashville’s City general-fund cannot cover investor costs. 

If a famous hedge fund manager (George Soros) is buying gold, would you?  Queue up some shares of Yamana Gold Inc. (USA) (NYSE:AUY), Barrick Gold Corporation (USA) (NYSE:ABX), Goldcorp Inc. (USA) (NYSE:GG) or SPDR Gold Trust (ETF) (NYSE:GLD). 

Yamana Gold Inc. (NYSE:AUY) reports Q4 earnings on Thursday (March 4th) and the Street is looking for earnings between 12 to 17 cents per share.  AUY is holding steady today up 1.7% at $10.92 per share.

Gold is range bound trading on dollar and euro weakness, should the trend start up then its time to go long Yamana Gold Inc.(NYSE:AUY),  SPDR Gold Trust (ETF) (NYSE:GLD) and Kinross Gold Corporation (NYSE:KGC).

So, you may be holding some shares of Yamana Gold Inc. (USA) (NYSE:AUY), Barrick Gold Corporation (USA) (NYSE:ABX), Goldcorp Inc. (USA) (NYSE:GG) or SPDR Gold Trust (ETF) (NYSE:GLD). And now you are wondering if and when to sell. 

While most investors are well aware of gold’s unprecedented march to $1,100/oz., far fewer are familiar with the yellow metal’s often overlooked cousin, silver. While gold has received a great deal of attention as a hedge against the U.S. dollar, the leading silver ETF, SLV, has outperformed its gold counterpart, GLD, by a factor of 2 to 1 in 2009.  Hello the iShares Silver Trust (ETF) (NYSE:SLV)

At some point, gold has to stop going up and then start going down.  Obviously that will hurt shares of Yamana Gold Inc. (USA) (NYSE:AUY), Barrick Gold Corporation (USA) (NYSE:ABX), Goldcorp Inc. (USA) (NYSE:GG) and SPDR Gold Trust (ETF) (NYSE:GLD). The question remains though, how much will gold go down when it starts?