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Holdings in SPDR Gold Trust reach 4 year Low.

s4nys4ny Posts: 1,569 ✭✭✭
in Precious Metals
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.

Comments

  • mariner67mariner67 Posts: 2,746 ✭✭✭
    In the old days that would be a bullish sign.
    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.
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  • KipKip Posts: 852
    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
    UCSB Electrical Engineering....... USCG and NASA
  • cohodkcohodk Posts: 19,137 ✭✭✭✭✭


    << <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?
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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