Gold Futures and ETFs - GLD, DGL, GDX, IAU - Page 6

USD weaker overnight again, GDX should see action tomorrow, possible target is $24 this week if the USD keeps falling.

GDX looking great. wish i held at 19.....

GDX up big today. Look at the 3 year MACD just looking like it's going to grown horns and run.

watching...

I think gold is due for a rally.
Everyone is ditching the USD currency and buying up gold stocks and the price of gold are near the lows?

its a pullback that is happening in the dollar. We want to see if the dollar breaks below the trend line. If it does the dollar can be due for a pullback and yes gold will rally. Not sure if the commodities will follow because they havent been following eachother really.

You ever buy UND aristoe?

Nice chart btw.

Gold price in other currencies have increased (except in Yen) and reached an all time high in October - it's relative.

http://www.goldprice.org/gold-price-history.html

e.g: in Australian dollar:


In my opinion, people who lost their money in worthless notes, got scammed with Lehman minibonds may divert the rest of the money to traditional gold investing - the physical. They're going to get the real thing. Fool me once, shame on me, fool me twice shame on you. They can say "You can't eat gold", "Gold will be worthless" whatever.

IBs can manipulate fantasy paper gold futures but eventually the crack will show up.

There is a reason why Goldman Sachs called the short on gold to $650. Same reason why they told people to buy financials in May (yeah what happens afterward). Same reason why they put United States Steel X in the conviction (junk) buy list at $130. Same reason why they called oil to $200 this year. So you know what to do when these clowns recommend anything. I personally believe the longterm trend is up.

I already have the physical and will add more soon. I have DGP @ $13 but only for daytrade.

If Peter Schiff says to buy gold, you better buy gold. His word is good as gold, imo, and of course pun intended.


http://finance.yahoo.com/tech-ticker...WH,EWA,EWS,UDN

If I may add something - do not buy gold on margin, and still always have some cash on the sidelines to collect the *physical* gold on the cheap while the IBs are still shorting the fantasy paper gold futures.

Bought half a positionb in the gdx today. looking bullish

Lets see if she breaks that 50 day MA

http://stockcharts.com/h-sc/ui?s=gdx...d=p05114351596

New Gold ETF's

ProShares Ultra Gold UGL 2x leverage

ProShares UltraShort Gold GLL 2x leverage

These ultra ETFs are sprouting up all over.

I like them!

bought a bunch of puts at 80 GLD, and will start selling soon. I think gold goes lower before it ever gets to 1000 again. right now we have a deflation problem, all commoditys going down and no real demand. the ECB still has to cut a bunch over the next while, and we only can have a little left to cut before we are at 0, thus the dollar will continue to rise, and gold will continue to fall. Gold will stabilize, but not for a few months when the money the govt is printing starts to circulate, however if it doesn't circulate very quickly, it will just continue downward.

gold is moving

Up 18% so far.