Don't ya' think trading this metal is an exercise in futility at this point? Better to buy on pullbacks and hold, selling a portion into strength.
Barrons just labeled GBG a buy. http://www.phongpo.com/2010/10/09/gold-price-a-golden-era-for-the-yellow-metal/ Up 8%. Still room to go higher but obviously I am biased since I own it. Soros owns it as well btw.
When replying to someone's post, it helps to actually address the points they made in it, rather than talk about something completely unrelated that they never even said. Just a tip.
Gold is up over $100 per oz in just under 1 month since Soros said gold isnt safe. Perhaps he should've elaborated that Gold isnt safe...to short.
It's above 3$ and breaking out. This stock could easily see 10$ a share should the run in gold continue imo.
I am liking Martin Amstrong already. His comment stated " is is why gold is the hedge against government, but should "never" be the official standard of government money." Makes perfect sense, something most gold bulls fail to acknowledge. Like Gordan Gecko says "ideals spoil a good deal."
I used to admire Soros and bought his books in the first week of release; in the past several years my opinion of him has shifted dramatically - he seems hypocritical and deceptive. Maybe it's his political bent.