Encouraging Technicals for Gold ETFs

Exchange traded funds backed by physical holdings of gold are in the midst of an impressive resurgence. Since the start of June, the SPDR Gold Shares (NYSEArca: GLD), ETFS Physical Gold Shares (NYSEArca: SGOL) and the iShares Gold Trust (NYSEArca: IAU) are each up more than 6%. Now GLD, the world’s...