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SPDR Gold Shares Message Board

  • usakmatt usakmatt Oct 16, 2008 10:27 AM Flag

    What Happened?

    What fundamentally changed that would bring GLD down $5 within a few minutes after the open? How was it brought down like that so quickly?

    It is very interesting that everyone who was so sure that gold would skyrocket in March is now saying that it will be a couple of years.

    Why the sudden change in GLD?
    Why the sudden change in opinion?
    What happened overnight? It certainly wasn't the debate.

    I have clearly been asleep.

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    • Buddy, it's called commodity deflation.....

    • "What happened overnight?"

      Gold broke MAJOR Support.


      you can track gold all night long and soon you will realize its manipulated by crooks.
      http://www.kitco.com/charts/livegold.html


      Just sell and buy DZZ, it's still early in the day, IMHO

      • 1 Reply to turd.trader
      • Of course I know it is manipulated by crooks. I didn't think they could be so bold as to put such an obvious drop into the game. Even after a huge drop, people are still buying and pushing the price back up. It was down to around $793, and it is already back above $800.

        It is encouraging to know that you agree that there is gross manipulation occuring. At least I know I am still among the sane.

    • I like your questions and remarks, especially "It is very interesting that everyone who was so sure that gold would skyrocket in March is now saying that it will be a couple of years."

      I don't think those people lied, I believe they simply didn't know.

      To their defense, no one thought that the collapse of the American financial system would be so bullish for the dollar. Not one single investment bank survived the crisis in the US, while not one single bank collapsed in the euro zone!!

      • 1 Reply to arno009
      • Based on your comment, I had better be more clear. I am not placing blame on anybody for thinking that around March would be a breakaway point for gold. I thought the same. What I am trying to get at is how a new "timetable," if you will, has been opined. The essence of my post is that I am now completely confused. It appears that I have been wrong about everything again.

        And it seems illusionary to me that the dollar strength is inversely proportional to our economic collapse.

 
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