GLD forming a new bottom here

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

 

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.

 

You've got your chart upside down.

 

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?

 

Nice timing for upside down.

 

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

 

IMHO - there have been 2 Marginincrease by CME this Month

 

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

 

But you still can't eat it right?

 

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