I do not agree in the least with your prediction. There is no reason to believe gold will sink that low during a period of consolidation in a time when every other factor is in gold's favor to increase i.e. low interest rates, extremely poor debt to gdp ratio. Gold is going to reach a new high by the end of this year. I also feel this is the company to invest in
Maybe people have realized that GLD is part of the banks' manipulation scheme. I would advise anyone to sell GLD and get physical gold in their hands. GLD is just fiat paper, and is NOT truly backed by gold. I wouldn't use GLD to justify anything smart. Anyone who was invested in GLD was not smart to begin with.