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  • insect_insight insect_insight Oct 5, 2012 2:17 PM Flag

    Collapsing gold miners predict massive drop in GLD

     

    The GLD suckers who have been suckered by Cramer, Gartman, et al will soon be crying into their beer as panic sell after panic sell hits this GLD joke.

    Those fools who still believe in a gold bull, given how rotten the miners are behaving, the historical forecasters of the bullion direction, will soon learn what a distribution top happens to be......it creates the illusion of a bull in the minds of amateur suckers without knowledge of market history but every smart pro knows the exact hallmarks of a distribution top, in which pros dump stock into the hands of bagholders.

    Every single share purchased of GLD now is a bagholder purchase, every single one, and if you doubt me, again, please enjoy another deserved cry into your beer, coming soon.

    This topic is deleted.
 
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111.76-0.22(-0.20%)Jul 2 4:00 PMEDT