Holdings in SPDR Gold Trust reach 4 year Low.
s4ny
Posts: 1,569 ✭✭✭
CNBC just announced that the amount of gold held by the GLD reached a 4 year low.
I think the gold trade is over for now and gold will continue to drop to at least $1000.
I think the gold trade is over for now and gold will continue to drop to at least $1000.
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I agree with you however that the gold/and silver trade is dead for now-going lower probably for a few years at least.
As always, JMHO.
Of course so has Schiff and the other believers of gold
Kip
<< <i>Sinclair has been really quiet lately about his gold forecast and how high he had predicted. :-)
Of course so has Schiff and the other believers of gold
Kip >>
Bull markets not only create windfall profits, but also so-called geniuses and blowhards.
I saw lots of "geniuses" in 1999, 2007 and 2011. Maybe we'll see some again in 2015 or 2019?
Knowledge is the enemy of fear