The sponsor of this fund is the world gold council
20 global gold miners
ALL they care about is mining gold and selling it
Maybe this bozo in Australia has the error in his spread sheet
Old Baldie has returned to offer his incessant PUMP LIES of these WORTHLESS golds and silvers--and based upon his obvious PHONY recommends of gold, every smart experienced pro trader is now buying gold and silver PUTS to the max for the imminent CRASH in gold and silver.
Old Baldie just provided the 100% GUARANTEE of an imminent gold and silver CRASH, as he has done for DECADES via his incessant gold and silver PUMP LIES, in his ongoing role as a sub shill for his whoore-masters at Goldman, a company that has had nothing but permanent hate for golds and silvers, in Goldman's role as the REAL operator of the USA fake democracy, via Goldman's full control of the US Treasury, the Fed Reserve, the regulators, big media, politicians, and judiciary
At NO time this year has gold made a single day gain that can be considered anything other than a puny deadcat bounce.
At NO time this year has gold made a singe day gain that can be considered anything other than a puny deadcat bounce.
It would take successive gains of 100 bucks (plus) per day to begin to suggest that very bearish gold trading action has changed in nature----and based upon gold's extremely bearish chart pattern, that is NOT going to happen, period!
What is particularly pathetic about the current gold price is that it would take a nominal gold price of 2300 bucks per ounce today for gold merely to equal its REAL 1980 price (after taking into account 35 years of inflation)---and it's worse for silver, that would require silver to trade at 140 an ounce today merely to equal its REAL 1979 price (after taking into account 35 years of inflation).
Without doubt, both gold and silver are, in reality, THE worst performing commodities of the past 35 years, and possibly the worst investments ever. As I demonstrated, it is impossible to make REAL profits in gold and silver on any long term basis- and that FACT can NOT be refuted in any logical way.
It came up still missing bars last night again. So much for the idiot claiming it was Ramadan to blame. LOLOL!
Gold was worth 100% of the Dow in March 1980. It is worth 7.6% of the Dow today. That's right, 100% down to 7.6%. A test of time running 34 years.
I see where I can get a quote on the gold futures (e.g., July or Aug contracts). But is that the best way to view the current price of gold. Looking this morning, I see the July contracts up over $6. But the GLD is down.