i bought dto in the summer when oil was 140 dto was 25 i sold it at 200 i think there is a lot of people in gold and they dont know if it is overpriced or not but the big fish that bought it at 700 are all going to sell at the same time like oil traders did at 147 and drop oil to 35 in 6 months the same can happend to gold GLL is a great price.
Agree. I'm a gold bull, but I see a correction coming. I sold my GLD shares between 94-97, and I sold my options on Thursday. I bought GLL on Friday and will hold it during this minor correction. I felt bad selling gold as it was still going up, but prior experience with this commodity tells me that this is the correct move at this time.