Gold is Short-Term Oversold, Says DonHarrold.net


SHREVEPORT, La., Aug. 8, 2006 (PRIMEZONE) -- DonHarrold.net (IARD No. 119079, http://www.donharrold.net), rates Gold (NYSE:GLD), Advanced Micro Devices (NYSE:AMD), Medtronic Inc (NYSE:MDT), and Home Depot Inc (NYSE:HD).

DonHarrold.net provides unbiased stock ratings from registered investment advisors. DonHarrold.net issues daily market commentary and features a member's area with detailed information on widely held stocks.

Important Stock rating Changes:



 Gold ETF (NYSE:GLD)
 DonHarrold.Net Rating: Oversold
 http://www.donharrold.net/ratings/US/GLD.php

 Advanced Micro Devices (NYSE:AMD)
 DonHarrold.Net Rating: Oversold
 http://www.donharrold.net/ratings/US/AMD.php

 Medtronic Inc (NYSE:MDT)
 DonHarrold.Net Rating: Slightly Overbought
 http://www.donharrold.net/ratings/US/MDT.php

 Home Depot Inc (NYSE:HD)
 DonHarrold.Net Rating: Oversold
 http://www.donharrold.net/ratings/US/HD.php

streetTRACKS Gold Shares ETF (NYSE:GLD) closed recently at $64.50 with a volume of 24927 X 100. My current rating on GLD is, "Oversold."

When I rate a stock "Oversold," it means that the momentum indicators I follow are in full swing. I see an "Oversold" stock as one that is usually already in the process of trending higher from previously oversold levels.

An "Oversold" rated stock is one that I would want to BUY. I'd be more inclined to buy it than wait for it to drop lower before I considered picking up any shares.

This is a stock that would have -- most likely -- been rated "Extremely Oversold" sometime in the recent past. Now, I'm waiting to see technical indications that the time to sell is near.

About DonHarrold.net: DonHarrold.net is a stock research firm. Their daily commentary is regular and distributed worldwide. They are Registered Investment Advisors. They do not accept third-party compensation to make stock suggestions.



            

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