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SPDR Gold Shares Message Board

  • insider117 insider117 May 17, 2013 12:15 PM Flag

    Catch the Knife.........Approaching 26 Month Low

    Do you really think risk-averse central bankers are going to try and catch the knife," asks Credit Suisse commodity research chief Ric Deverell about gold. "No" is his answer as this crowd only buys when the price is headed higher. Of reports of heavy physical buying, he's unimpressed, noting investment demand (ETFs) is the gorilla in the gold market. The metal's (GLD -1.6%) within a few dollars of taking out the 26-month low hit in April.

 
GLD
126.05-0.18(-0.14%)Aug 26 4:00 PMEDT