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$1,391.7 gold futures

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AverageJoe

41,095 Posts.

1007

22/10/14

00:59

Post #: 14159831
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Originally posted by Skol ↑

GLD is only 1 of about 20 gold etf's, so there will be a lot more than 9 tonnes sold in 1 day, it means gold punters are liquidating fast and sentiment for gold is poor.
Gold share indexes are at multi-year lows and show little sign of recovery, Goldmans are sticking with their $1050 forecast for gold in 12 months.

Unfortunately for the goldbugs they're looking in the rear vision mirror hanging on every word of their gold newletter writers but the prophets of doom have been wrong for years and will continue to be.

Dow off to a good start +70.

http://www.bloomberg.com/news/2014-...op-etp-drop-most-in-a-year-defying-rally.html

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http://en.wikipedia.org/wiki/Pareidolia

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