GLD up or down in 2014

[Bry]

I am becoming more and more bullish, and took a position today long a junior miners ETF.

 

[billyjoerob]

next stop $75

 

[badnewsbear]

Quote from billyjoerob:

next stop $75

Not this year.

 

[Humpy]

Talking of gold - has anyone managed to check if Fort Knox is still full of the stuff ?
I read a story a few months ago that claimed ex-employees said it was empty and no outsiders are allowed in. Wouldn't surprise me if the politicians haven't spent it all and are too embarassed to say so.

 

[badnewsbear]

Quote from Humpy:

Talking of gold - has anyone managed to check if Fort Knox is still full of the stuff ?
I read a story a few months ago that claimed ex-employees said it was empty and no outsiders are allowed in. Wouldn't surprise me if the politicians haven't spent it all and are too embarassed to say so.

D-Did you actually believe there was gold at fort knox?

 

[bwolinsky]

Year to year I don't see as making any choice one way or the other on any particular asset allocation like alternative investments, but over 5 years I don't believe there's a single case where gold has been down.

 

[Humpy]

Quote from badnewsbear:

D-Did you actually believe there was gold at fort knox?

Used to be stuffed full but now .....? Probably downsized to Beijing ?

Great move George Dubyah - biggest silly arse of the millenium

 

[viktor_k67]

Gold and Silver will go up but not back to the 2011 top, it is going to be still much lower. The only force which is keeping the gold down is strengthening of dollar and FED's pumping into the economy.

 

[badnewsbear]

Gold and Silver will go up but not back to the 2011 top, it is going to be still much lower. The only force which is keeping the gold down is strengthening of dollar and FED's pumping into the economy.

Actually, QE is keeping gold up above 1200. Tapering will cause gold to submerge below 1200.

 

[trefoil]

Actually, QE is keeping gold up above 1200. Tapering will cause gold to submerge below 1200.

I started out thinking it'd be down this year, now I'm not so sure. There's a definite Chinese slowdown, and that's hurting all kinds of small, commodity dependent countries. It's part of what's causing this hiccup with the EM markets now.
So, if things are slowing down, and the Chinese CB has to pump money in to get their economy moving faster, well, could be good for gold.
Bought 100 GDX last week, added 100 yesterday. Not sure yet if I'll keep it or add to it or what. If this EM crisis passes with this Turkish rate hike, I'll probably dump it. Will have to watch how the reaction to that plays out.