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SPDR Gold Shares Message Board

  • justkeepushin justkeepushin Apr 17, 2013 12:24 PM Flag

    Scary stuff for GLD long holders - think we close under $130 today

    Cyprus has started started the gold free fall. Although its reserves are tiny by central bank standards — about 40 metric tons, vs. 8,133 tons for the U.S. — traders now know other troubled European countries will have to start selling their gold reserves as well. Greece, for example, has 112 tons of gold.

120.86+0.12(+0.10%)3:23 PMEDT