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SPDR Gold Shares Message Board

  • winmore_98 winmore_98 Mar 4, 2013 6:13 PM Flag

    paper for gold, GLD

    GLD paper for gold can move the price both up and down more then physical buyers of gold. Paper for gold allows players to short gold easier (but they have interest carry costs) so the shorts can move the price easier. Buying physical gold takes gold away from the lenders. Once the downdraft stops and shorts 'buy' back to cover, then GLD action can nudge gold prices back up. Yes, the tail can wag the dog.

    Sentiment: Buy

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