Any suggestions on the best Gold stock? Besides GLD which is basically an ETF.
**ALERT** For the FIRST DAY in MONTHS GOLD IS RISING AS THE DAY WEARS ON ! hmmmmmmmmmmmmmmm SPOT MARKET IS OPEN closes in 2 hrs. 11 mins. Jul 18, 2017 14:49 NY Time Bid/Ask 1243.70 / 1244.70 Low/High 1235.00 / 1245.00 Change +10.00 +0.81% <<<<< 10.00 when was the last time you saw this ?
notice you don't hear much from debra anymore. I guess her confidence game is over.
Goldman is Tanking ~~~
The fed BLINKS and INDICATES Interest rates at 1% are CLOSE TO NEUTRAL that is U.S. stocks were higher in late morning trading on Wednesday, with the Dow hitting a record, after Federal Reserve Chair Janet Yellen said interest rates hikes would be gradual and will not have to rise much further to reach the neutral rate. Gold will explode as shorts are forced to cover short bets !! "It was a little bit more dovish than most had thought," said Richard Scalone, co-head of foreign exchange at TJM Brokerage in Chicago. "She said rates won't have to rise much further to get to neutral, I thought that was key. She said inflation response to economy is a key uncertainty, alluding to the inflation again, part of the dovishness."
Yellen, in a prepared testimony delivered to Congress, said the economy is healthy enough to absorb further gradual rate increases and the slow wind down of the Fed's massive bond portfolio. Investors and some Fed officials, concerned with the recen
Why is this even trading. It is a ETF Scam.
As this is still a relevant GLD issue, I will repost this here:
Why is there a clause in the GLD prospectus that states GLD has no right to audit subcustodial gold holdings? Why would the organizations behind GLD forfeit this right and create this massive audit loophole? I haven't heard of a single good reason for the existence of this loophole so far. In addition to the audit loophole, GLD claims to be fully backed by physical gold bullion but yet it refuses to give retail investors the right to redeem for any of these ‘claimed’ gold bullion. I also welcome everyone to verify the following for yourselves as I have:
"I remember CNBC's Bob Pisani visiting GLD's vault in a well documented segment. GLD's administration arranged this visit to disprove everyone claiming that GLD's gold did not exist. However, Mr. Pisani held up a gold bar with the following serial number - ZJ6752. This serial number did not appear on the most recent bar list during that time period. Cheviot Asset Management’s Ned Naylor-Leyland later found out that this "GLD" bar actually belonged to ETF Securities."
"Did anyone try calling the GLD hotline at 866▪320▪4053 in search of numerical details on GLD's insurance? The prospectus vaguely states "The Custodian maintains insurance with regard to its business on such terms and conditions as it considers appropriate which does not cover the full amount of gold held in custody." When I asked about how much of the gold was insured, the representative proceeded to act as if he didn't know and said they were just the "marketing agent" for GLD. What kind of marketing agent would not know such basic information about a product they are marketing? It seems like they are deliberately hiding information from investors."
Andrew Maguire is nothing more than a Snake Oil Salesman.
Trump is a puppet. No guts no glory. To him meeting anybody would be a great honor. Russia will kick his butt, in the process our butts will be kicked as well. Then, gold will make its move higher.
Gold shorts to get smoked today with retail sales going negative yet again !!!
Gold could not even rally at the very moment gold longs have been waiting for - a dovish Fed. This is TERRIBLE for gold bulls and further evidence of its demise. Please stay far away from miners and gold for a few years until the stock market rally fades. We see 25 to 33% easy upside to stocks and same but negative move for gold complex. We have been very right for quite a long while.
I like the pre market jump! Keep it going! May sell some GLD options today, last few days not been kind!
Over the years I learned a lot from Goldman Sacks, by doing the opposite. They said yesterday that Bitcoin should hit $4000. Translation: You suckers keep buying, so we can unload on you past $3000.
Caesar's speech of humanity's downfall and the rise of apes, with Breck's brutal death. For entertainment uses only.
Looking like Gold is going to make a move under $1K shortly and so I would add to shorts on the PM Scam ETF GLD.
Marine Core Soldier
Stop fat-fingering the sell orders!! Gold should be at $2000 now!!
Getting close to my 2% downside target for today. Expect more follow through to the downside this week. Just a skip away from Gold entering the $1100 area. Financial Professionals are enjoying their long summer break. Consider a job in banking, easy work for huge $$$$$. All the rest of you working stiffs are suuuuckerss.
We hope you all heeded our repeated warnings to GET OUT of the gold/miner trade. Gold will hit sub-1000 this year as we have said repeatedly with ample warning. Our proprietary model has been rather accurate and has made shorts some serious money this year. Watch this space for more tips, education, timing advice and other (so far) free money-making guidance.