It is now time to SELL SELL SELL your GLD (GOLD)!!!!

Quote from retaildaytrader:

I have come to Elitetrader on a mission of mercy trying to get you out of your gold position. Gold is going to crash and tank back under 1000 an ounce. This may be the last time to cash out at such high prices.

I am announcing here right now on Elitetrader that it is time to sell sell sell your GLD. Do it at the open on Monday into strength.

My target on GLD is in the 80s.
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Hmmm, this thread sure is quiet now that gold is back above $1100/ounce. Maybe your "mission of mercy" is more of "mission of desperation" to talk down gold prices. Good luck with that.
 
It's funny - because it is really not the price of GOLD that is at issue it is the buying power of the dollar.

I would think, traditionally in a sounder economic enviroment, that Gold is over valued. However, when we take a step back and look at the dollar, short-term rates, deficit, and FED treasury buy-backs - well it spells a different picture.

Sure - maybe gold will see some short-term volatility - down to 950 or up to 1150.

Until the U.S. gets its house in order, there is more stress on our beloved FIAT currency, or as I like to call it Faithed Back Currency.
 
It seems like all you morons are getting comfortable and stupid during this suckers rally for gold. Gold, I command you to go down in the morning. If it goes down, then it will be as a result of my logic, my reasons. I told you it was time to get out, well its time...
 
Quote from rew:

Right now my government is carrying out a very interesting experiment -- for how long can we fund fully half of all federal expenditures by issuing new debt (at the same time rolling over trillions of dollars of previously issued short term debt). If this experiment doesn't ultimately result in massive inflation I'll be amazed.
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Why would you be amazed?
 
Quote from Ghost of Cutten:

Why would you be amazed?
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Because it would prove that we can get something for nothing. The government can finance itself by just printing trillions of dollars with no negative consequences. That would be amazing.
 
BTW, gold is stubbornly staying above $1100 / oz. It's been over a month since this thread was started and gold looks like it's in no great hurry to crash to the ground. To bad, I was looking for a buying opportunity in the 900s.
 
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