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SPDR Gold Shares Message Board

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  • havingfunyet7487 havingfunyet7487 Aug 28, 2011 9:27 AM Flag

    Gold bubble ending with head and shoulders top

    The right should formation I believe has already occurred on Friday. I am short at 173.20, 175.o1 and finally at $177. I am down down quite a bit already on my trades with gld but I know that you can't eat gold and at some point unless governments collapse specifically USA at this point, gold will fall. I believe that point is very near--it may rise and get over 180 on Monday but the correction will be swift with the first stop at 160 ish, thereafter down to 140-145.

    Well here it is in writing but those buying now must underrstand that going up is much harder than going down.

 
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