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SPDR Gold Shares Message Board

  • cmegladon cmegladon Dec 5, 2010 10:48 AM Flag

    Follow the money-An interesting

    phenom unfoldedlast year when I saw Keith Hernandez touting folks to sell their gold to his buddies at some jewelry stores in NY.
    He was one of hundreds, maybe thousands of pitchmen offering to buy your gold jewelry. Prices have never been higher.....LOL
    Well, they're back in full force asking folks to seell their gold.
    Notice, the preponderance of ads is to BUY YOUR GOLD, not sell you gold.
    Problem is, most folks who were going to sell their jewlery already did.
    The recent chart evidences a strong Backwardation on the futures VS spot contracts.
    Implication is in the next 2-3 weeks, I think we see a pop in PM prices. It started Friday, we continue next week.
    Any dips will be met with strong rally.
    Just my op.
    But I am very confident.

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