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GLD SPDR Gold Trust
BY: Melodyfan - September 28th, 2009 - 11:03 AM
+795
BY: Whenindoubt - September 24th, 2009 - 11:14 AM
+620 
Re: GLD SPDR Gold Trust
That's not a secret. The US government has been manipulating the price of gold for over 5 decades. It all started when they went off the gold standard and confiscated every citizens gold. Eventually they won't be able to kep the price down and when that happens I want to be long as I am today.
BY: Bigspender - September 23rd, 2009 - 10:29 PM
+129
Re: Gartman on Gold
Heard Dennis on the tube today saying that someone (my guess, the US gov) is desperately trying to hold gold below 1030 and will probably succeed for the next couple months and could shake out the weak leaves causing a correction below $980. Take it for what you want, I have seen Gartman change his tune on gold over the last 12 months. He was bearish on gold a while ago, but now says he is long term bull.
BY: Melodyfan - September 23rd, 2009 - 4:44 PM
+795
Re: GLD SPDR Gold Trust
Yes Dondate it is. A devalued currency leading to higher inflation. That's the very essence of inflation my friend.
BY: Dondate - September 22nd, 2009 - 9:55 AM
+242
Re: GLD SPDR Gold Trust
I'm starting to think the gold play may just be a play on the falling dollar and nothing more. Inflation still looks to be a couple years away at least. This rally might have no legs left in it come month's end.
BY: GrandpaJack - September 18th, 2009 - 5:33 PM
+82
Re: GLD SPDR Gold Trust
There was a slight retraction on Thursday and Friday but it still is looking swell for gold. I can not remember the gentleman's name on BNN but he is a technical analyst on gold and said today that gold was headed for $1500 this year according to the technical nonsense they evaluate. Take it for what you will.
BY: Melodyfan - September 15th, 2009 - 1:04 PM
+795
Re: GLD SPDR Gold Trust
OK...Never mind that last post lol. You'd think with Bernanke telling the American people the recession was over that it would hurt gold but it keeps on rallying. And retail sales are up 2.7%, biggest gain in 3.5 years. Still gold rallied. Wow
BY: Melodyfan - September 14th, 2009 - 2:54 PM
+795
Re: GLD SPDR Gold Trust
Might be a good week to stay away from the GLD. looking more and more like a retracement to 970 is coming.
BY: GrandpaJack - September 11th, 2009 - 4:49 PM
+82
Re: GLD SPDR Gold Trust
Point taken Frank. Thank you for the quick education. I don't think GLD or any ETF can be your only way to play gold but it is one way of many. I think if you want to capitalize on gold completely you have to go with the miners, unfortunately the risk is much higher but the return and safety without getting your gold seized is there. I play GLD as one of my 4 investments in gold. I carry no physical gold and 3 miners.
BY: Frank Tabbert - September 8th, 2009 - 10:42 PM
+1169
Re: GLD SPDR Gold Trust
Will advise you of the article when I locate it. However check out nymex.com:comex and you will see it for yourselfalso check safehaven.com. Note HSBC is the custodian for GLD and can hold the gold in their vaults or use a sub custodian or a sub sub custodian. HSBC covers its tail by stating that HSBC is not responsible for the activities of its custodian. Gold ETF's are designed to track gold and not a substitute for physical gold. OK for the mainstream investor but not the goldbug. With paper products NEVER ASSUME ANYTHING
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It looks aas though a negative trend is happening with GLD. Short term (possibly even this week) I think it could see $90. That's where I will be looking to pick up some more. Not until July (perhaps August) will the trend go back in the longs advantage.
Anyone have opinions? I want to accumulate a large position before big move up later this year.