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SPDR Gold Shares Message Board

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  • market_logic2010 market_logic2010 Oct 14, 2010 8:32 PM Flag

    Two main reasons to short Gld

    I disagree with you long term, but you might be right short term. Commodities in the parabolic stage ofthen have sharp 5-10% drops. This happened in the last major gold move in 1979-80--there weree seveeral 5-10% drops. At $1,380, this means that at $138 point drop (maybe in one day) in gold is possible on some news. For example, what if the dollar rallies for some reason? Gold would plummet. But longer term, I am bullish on gold but ESPECIALLY silver.

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