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SPDR Gold Shares Message Board

  • hopethishelps2 hopethishelps2 Jan 11, 2013 3:56 PM Flag

    Seeking Alpha's latest article

    Generally they were pretty negative about gold, but this one is a bit more balanced:
    http://seekingalpha.com/article/1107691-gold-yes-it-will-drop-no-don-t-short-it?source=yahoo

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    • Monitor these stories to get a feel for the market. The trading algorithms in fact are very good at pumping out either bullish or bearish articles, and it lets you know the way they want the market to go. For example, Goldman came out today and pumped the Euro currency. Of course, they are pumping it a day AFTER they bought it and ran it up 2% against the dollar. So when Goldman says buy Euros, it means they want it to go up for the next few days so they can dump what they own. Same with gold articles.

 
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