buying gold here?

O

oil_trader

I am tempted to pick up some GLD......
(I am afraid it will be a mini correction for 15-20 points at least with major support of ~500, minor supp 525.....
 
if you can figure out if the next $50 is up or down
in spot gold or the next 50 cents up or down in spot silver

let me know !!

:p
 
I am hoping for a pullback to $500 ish and then I will unload some of my USD. I think gold is golden to 750 at least, but there will be pullbacks.
 
What's the best way to get long gold for the "longer term" ?

Short, I guess, of buying bullion. Moving long futures forward in a carry market seems a losing proposition? Or am I missing something?
 
There is no cost paid to hold GC back months: the difference between back months and spot, which appears to be lost with time, is derived from the risk-free-rate. An example: should you borrow money to buy bullion, you would have to pay interest for the loan.
 
I just did....
Quote from SethArb:

if you can figure out if the next $50 is up or down
in spot gold or the next 50 cents up or down in spot silver

let me know !!

:p
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