GLD forming a new bottom here

[Archin]

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

 

[efficiency]

Quote from Archin:

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.

 

[Eliot Hosewater]

You've got your chart upside down.

 

[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?

 

[intradaybill]

Quote from Archin:

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

Nice timing for upside down.

 

[Archin]

Quote from Archin:

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

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

 

[TenCent]

IMHO - there have been 2 Marginincrease by CME this Month

 

[rros]

Quote from Archin:

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

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

 

[clacy]

But you still can't eat it right?

 

[John_Doe]

Quote from clacy:

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.