GLD forming a new bottom here

Discussion in 'ETFs' started by Archin, Aug 23, 2011.

  1. Archin


    Get in while you can, gold etf is forming a new bottom around 178-180 level

  2. You registered THIS month. You've got a whopping (2) posts, which I must admit is probably "better" than the few in the 10,000 range.

    What could YOUR motive for this post possibly be?

    A benefactor?

    Your naive notion of front-running?

    Pssst, try as you may, you can't move anything.

    And the "while you can" element of urgency, that's a nice touch.

    Is that ETF backed entirely by hard assets or derivatives with unknown counter-parties and..........more importantly contingent upon their performance and integrity? Whooosh, went right over your head, didn't it?

    Maybe a long white beard, a flowing robe, and a stone tablet might help.
  3. You've got your chart upside down.
  4. daveyc


    will we see gld at 150 or 200? would we not see 200 when/if bubble bernanke announces more qe? or is this just an overcrowded trade and everybody will head for the door?
  5. Nice timing for upside down.:)
  6. Archin


    could go as low as 165 in irrational selling...
  7. TenCent


    IMHO - there have been 2 Marginincrease by CME this Month

  8. rros


    For irrational, I would say as low as 130/135 in the next 2 quarters... then, buy with 3 hands.
  9. clacy


    But you still can't eat it right?
  10. John_Doe


    nope but as trading is concerned the greater fool theory applies, you can sell to someone who'll give you food for it.
    #10     Aug 28, 2011