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SPDR Gold Shares Message Board

  • rr75_85 rr75_85 Oct 15, 2013 9:19 AM Flag

    Still bullish but

    what concerns me are the speculative positions made by traders and retail based on a government default. The democrats don't need many republican votes to get approval. It's going to be near impossible to not bring it up for a vote in the House. Logic dictates it gets passed. Very sad. At least our debt problem was center stage for a while. I see gold down $50 to $150 by Friday, or up $100+ if the House doesn't bring it up for a vote. Longer term, gold will outperform as people will realize that the US currency is losing it's reserve nations status.

115.60-0.09(-0.08%)May 22 4:00 PMEDT