Louis Paquette

SPDR GLD ETF Unloads 79 Tons of Gold - Should Investors Follow Suit?

Let's see now. Major financial institutions are collapsing by the week in the U.S. South African gold production is falling by double digits on an annual basis. Major gold producers aren't replacing their reserves and can't grow their production.

The result - the US Dollar is soaring and gold is collapsing.

Yep, that makes sense alright.

SPDR GLD ETF Unloads 79 Tons of Gold - Should Investors Follow Suit?

At the current rate of decline, gold will reach a dollar in about 7 weeks.

I'm putting in a stinker bid at two bucks, GTC. Please don't bid above me.