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SPDR Gold Shares Message Board

  • verdes22 verdes22 Oct 9, 2013 12:06 PM Flag

    GOLD IS RUBBISH

    I'm going to the vix this $hit is being shorted into the ground. All else equal, gold should be going up. You know why its not? because HFT machines have been set to SELL. Until some figure or event happens that makes gold have no choice but to go up she will continue in a downtrend. Its been 2 days with gold and ive taken a 2.5% loss. I'm not sticking it out this is embarrassing.

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    • Right, "gold is rubbish", and the USD is "gold"! That's the story! Go FB, TSLA, BIDU, and soon Twitter! That's where the real currency lies, in "virtual currencies", not that old, staid, "stuff you can hold"; It's all about "digitization", from billions using Face-book to show pictures of their evening meal, to someone "tweeting about indigestion problems", to the Fed "fixing our economy", by buying-up some $3 trillion in assets, that they will someday sell back to the Market! I wish China wouldn't have chided us yesterday, saying they are beginning to worry about all those treasuries they hold! Maybe they should be buying bit-coins instead, or propping-up the Silk Road!

      I'd buy Twitter, with both feet! You need something REAL, not some old substance of yesteryear, like gold! Gold is so Coal! It's all about "magic digits" my friend, and the Fed's got-'em! Get'em!

    • charleyandlinda@sbcglobal.net charleyandlinda Oct 9, 2013 12:13 PM Flag

      Oh, you were so close! HFT in any metal is the way multinational corporations move capital and launder it in the process.

      I want whistleblower rights to that, but I'll split 'em with you!

 
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