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SPDR Gold Shares Message Board

  • trade_88 trade_88 Mar 5, 2012 7:53 AM Flag

    GOLD is $880 at most.

    GLD may quickly drop to Target $150. Only poor people own Gold for showing wealth...It's old thing nobody care about it anymore.

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    • GLD FREE FALL to double digits.

      • 1 Reply to trade_88
      • The euro also saw some modest pressure on sentiment after a final euro-zone composite purchasing managers index reading for February came in weaker than initially estimated, underlining worries the regions economy is on track to contract for a second straight quarter. Read Market Pulse on euro-zone PMI.

        Meanwhile, worries that Greeces debt swap won't attract sufficient volunteers is also a negative factor for the euro, strategists said. Failure to see investors tender around 90% of outstanding, privately-held bonds by Thursday could see the triggering of clauses that would force all private investors to participate in the write-down effort.

        That, in turn, would likely be ruled a “credit event by an international derivatives body, triggering the payout of derivative instruments known as credit default swaps, strategists said.

        The prospect of a payout on the swaps is little reason for a selloff, noting that net exposure appears manageable and is unlikely to fan contagion fears.

121.29+2.25(+1.89%)Apr 28 4:00 PMEDT