GLD: The SPDR Gold Trust Moves Higher

When investors are looking to gain exposure in gold markets, one of the most popular choices is the SPDR Gold Trust ETF (NYSE: GLD).  This year, the ETF has shown impressive gains and has outperformed many of its commonly traded counterparts.

Here, we can see that prices have convincingly broken through the 120 level, and we are currently trading at the highest levels of the year.  This is significant because it essentially means that gold markets investments have broken through critical resistance levels that could signal a long-term bottom is in place.