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SPDR Gold Shares Message Board

  • analyst112 analyst112 Jan 4, 2013 2:30 PM Flag

    Gold price back to $1420

    Hedge fund managers who bought in 2012 are unloading. They need equities now and GLD is the victim. India has stopped buying. There is no inflation. Gold producers have record output and scrap is coming out of the woodwork. Today support was broken so next stop is $1610. Gold will trend down all year and end at $1420.

    Sentiment: Strong Sell

125.84+0.52(+0.41%)Jun 29 4:00 PMEDT