What do we do?See if it holds 780 - 770 then bounce rallies off it?Oh $hit, if it breaches 769 on a daily... man oh man, I just don't think I can hold her till the year 2020 or 2030Where is all this inflation gonna come from, shoot if unemployment goes up that may be a little deflationary, come on gold rally to two thousand, show me the money!
Or they're hedgingOr sellers are taking advantage of higher premiums
Look at the options for a hint on where gold is going. They just added more put strikes, the previous low was GLD $60, they now offer puts as low as $45. They wouldn't be adding those strikes unless A LOT of people wanted to buy at those strikes.
great vid man
Boy oh boy, I'm no expert tape reader; however, I can feel Gold breaking $800 to day or tomorrow, son-of-a-beech!
No positive Gold catalyst on the horizon, we move lower...Maybe JNJ is better future investment bet then GOLD, who knows...http://www.youtube.com/watch?v=Z8KKBxMgkok&mode=related&search=
Boy, I'm no expert tape reader; however, I can feel Gold Breaking $800 today or tomorrow, son-of-a-beech!
If GLD breaks support @80, theres only 1 thing to do..get out of longs and go short. At the very least get out of Longs. Thats my opinion.
The lower gold goes, the higher the predictions for its rise will go. Currently gold is a shoe-in for $2300/oz. If it breaks $800, it'll be slated to rise to $2409/oz.