streetTRACKS Gold Shares (GLD)

All Comments on GLD

  • commenter
    Richardq
    Apr 05 01:13 PM
    Expecting Silver to Lead Gold on Both the Upside and the Downside [view article]
    with that said... there's nothing to stop a blow off top on the euro to 1.60+ and a blow off on oil upto $120+... in these crazy markets it can all happen in the space of a week Reply
  • commenter
    gerold
    Apr 05 01:07 PM
    Why Gold Juniors Have Not Yet Popped [view article]
    I agree with Howard Sun as well as some of the comments. However, I wouldn't hold my breath waiting for juniors to "pop" any time soon. The price of both gold and silver have been manipulated and artificially suppressed by various arms of the government for decades - the Fed, Treasury, PPT, SEC, COMEX, etc. because gold and silver are seen by the public as a barometer of fiat currency and the government needs to maintain confidence ("con job") in paper dollars that are becoming increasingly worthless.
    As a result, the cost of mining has outpaced the increase in metals prices and therefore kept a lid on the major producer's share prices which directly affects the valuation of mid-tier and juniors.
    Many "gold bugs" feel this can't keep up forever yet it's been going on for decades; they feel that the government's stooge bullion bank's margin calls will wipe them out but they don't understand that they aren't getting margin calls because the SEC, COMEX and CFTS are complicit in this manipulation. Bernake has said and has shown through the Fed's actions that the govenment will do everything it can to keep the lid on.
    So what's an investor to do? Personally, I keep trading some juniors (both mining and exploration) because they are in my comfort zone having grown up in a northern Canadian mining town and worked in several mines. I keep trading costs low with an online brokerage. I subscribe to several newsletters (there's a lot of garbage out there but I highly recommend Doug Casey's "International Speculator" as well as Lawrence Roulston's "Resource Opportunities.") I'm able to trade on the Toronto Venture stock exchange which I believe is difficult to do from the U.S. without going through a high-priced broker. I watch my stocks daily as well as a watchlist of promising stocks. However, to make any money I have to be very nimble trading in and out and cutting losses.
    For instance, I sold Serengeti (SIR) after it climbed 138% in one day recently on heavy volume which indicates fund(s) buying and I'm waiting for it to bottom out before buying back in (it has long term promise.) I know from experience as soon as it gets 10% to 20% above it's high the fund will sell large volumes sending the price down again (funds are dumb.) I realize that not everyone is able or willing to spend the kind of time that I do. However, if making a bit of money were easy everyone would be doing it. Increasing financial turmoil will increase volatility and make for greater trading opportunities but if all you're going to do is buy and hold you may have to hold for a long time and you better be prepared for a rollercoaster ride.
    I stay in the game hoping, like everyone else, that the gold sector will take off ("Hope is not a plan") but I'm not holding my breath.

    Reply
  • commenter
    Richardq
    Apr 05 12:42 PM
    Expecting Silver to Lead Gold on Both the Upside and the Downside [view article]
    and..... add some more economic worry into the EU... and drive the euro back to 1 to 1 on the USD..... no one will touch the Euro ever again having instantly lost 30% of their hard cash.... people forget the 1980s and 1990s when Italy, Spain and others were in a constant mess with their currencies... the only thing that has changed in those countries is huge inflation since the Euro came in.... The EU and the Euro is by no means the safe haven it appears to be.....

    The USD can infact have a huge rally, simply off the back of the EU economic slide....

    and the US is way ahead of the EU in curing its troubles... and my god... help the EU if there are problems, all those leaders will be bickering and the whole thing will become a huge mess... .

    you may not like Bernake and the Fed and GW and the wonky US Election system... but at least its predictable in its mess....

    The EU and Euro is a disaster waiting to happen....     Reply
  • commenter
    Shalom Hamou
    Apr 05 12:40 PM
    My Website
    Get Out of Commodities - Barron's [view article]
    More than anything else it is the shape of the yield curve rather than the level of interest rates or anything else that shapes the evolution of minerals.

    The yield curve gets inverted and mineral goes up, it gets normal or steep the minerals go down with a vengeance: a difference of few basis point make the difference between bull and bear

    Thorough knowledge of the yield curve yields to substantial excess returns.

    Shalom Hamou
    Independent Yield Curve Special Adviser
    shalem.ashalem@gmail.c...     Reply
  • commenter
    paultaut
    Apr 05 12:38 PM
    Interest Rates and the Mineral Bubble: The Hidden Parameter [view article]
    I just can't wait....what does the yield curve in the US have to do with the price of gold in a Global economy?

    When the yield curve was not inverted the price of gold doubled......as the US dollar went down, gold went up even though the yield curve was positive...

    The current rise in gold is an attempt by the newly empowered wealthy to get out of the dollar......there is no current currency to get into....they are going into hard assets....Gold is just one of these assets.....

    The sovereign funds have more money to invest than all of the hedge funds in the world combined...they are investing in hard assets because their respective country's currency reserves are overweight dollars and each country would like to diversify directly but can't without debasing the dollar even further...

    What is the Yield curve in say...India,China,Braz... middle East,The Eastern European Bloc,Vietnam, etc....or don't they have any say in the little USA Box you have constructed.     Reply
  • commenter
    Richardq
    Apr 05 12:38 PM
    Expecting Silver to Lead Gold on Both the Upside and the Downside [view article]
    if there is even a whisper of economic problems in the EU then the Euro will take a long deserved dive back below 1.50.

    so at this moment, its not a question of the USD strengthening, its a question of the Euro weakening....

    if the Euro weakens then of course oil, gold, silver and all the rest will drop like a stone,

    so you see that the USD can in fact have quite a nice bounce, without actually improving fundamentals at all, simply because the opposition Euro zone... is weakening....

    case in point take a look at a chart of the British Pound... its backed off from 2.10 to around 1.98, as weakness in the UK becomes a worry.....

    put a similar chart onto the Euro and that will drag gold and oil and the rest with it.... not because the US has improved at all, but simply because the EU zone is failing and so the USD starts to look stronger... or like not such a bad bet.....     Reply
  • commenter
    User 173429
    Apr 05 12:21 PM
    Taxpayer Bailout Ideas Stabilize U.S. Dollar, Trip Gold [view article]
    For User 173390: An oversimplified explanation of how a weaker Yen is an advantage to Japan. The same argument works with any two currencies. The lower the Yen is relative to the Dollar the more that Americans can buy in Japanese goods - it costs them less dollars. So Americans buy more stuff and Japan gets more sales. The same argument applies today to the Dollar's value relative to the Euro. American manufacturers can sell more to Europeans because the goods are cheaper. And European tourists like coming to the U.S. because it's cheaper than before. So that can be looked at as "good for Americans." But, as is easy to see, it's a two-edged sword. Now it's more expensive for Americans to travel to Europe or to buy European-made goods. Looking at that side it's NOT "good for Americans." Reply
  • commenter
    jt
    Apr 05 12:15 PM
    Why Gold Juniors Have Not Yet Popped [view article]
    Kiwi is right on...the entire junior sector has been shorted almost beyond recognition. In fact, it would appear that it has been a sort of a "hedge" by hedgies, but to the max...long majors/short juniors. But it has been pushed to the max by the Cartel. They know they're losing, if not already lost, their grip on the physical market.

    Their hope is twofold: to discourage money from coming out of the genl equity market (some unreal number like $170$TTTTRillion) and see ANY significant part go into these juniors. Even 1% would set off 10-baggers all over the place, esp as smashed down as they are right now. But the second is more sinister--that is, to hopefully buy up some of these juniors on the VERY cheap...in what they call "deep storage gold." (There are many who do not believe we have the gold in FtKnox that TPTB say we do...that it has been used for many years now to lease or swap out and sell into the market to continuously suppress its price by the Fed, our Treasury dept, by the other Western central banks, and by bullion banks here like JPMorgain4Elites and GoldmanSuchs. The large part of the gold supposedly there has had its label changed to "deep storage gold." Why?...those in the know believe that it isn't there and that they are counting on buying out oz in the ground by buying out cheap these juniors...ie, "deep" storage...but that's another story...or maybe not). But that's going to take some VERY fancy footwork...the very smell of these hedgies covering is going to sky some of the juniors, and the rest of the market will jump in with both feet.

    I have a significant position in many of the juniors, and am down varying amounts on many of them. But I simply continue to review what they have and nibble here and there, almost on a daily basis....gold, silver, and uranium...another sector unbelievably shorted.

    All of the reasons that Howard has given are good reasons why a junior MIGHT not be successful...but ALL of them are secondary presently to the massive shorting of these companies by hedgies directed by the anti-gold cartel. jt     Reply
  • commenter
    User 173424
    Apr 05 12:00 PM
    Taxpayer Bailout Ideas Stabilize U.S. Dollar, Trip Gold [view article]
    A long and detailed article that seems to touch on all the important current economic influences. Very well thought out and well stated. Maybe I'm so enthusiastic because I agree with most of it! Thanks to Gary Dorsch for a great piece. Reply
  • commenter
    Shalom Hamou
    Apr 05 11:25 AM
    My Website
    Interest Rates and the Mineral Bubble: The Hidden Parameter [view article]
    More than anything else it is the shape of the yield curve rather than the level of interest rates or anything else that shapes the evolution of minerals.

    The yield curve gets inverted and mineral goes up, it gets normal or steep the minerals go down with a vengeance: a difference of few basis point make the difference between bull and bear

    Shalom Hamou
    shalem.ashalem@gmail.c...     Reply
  • commenter
    leh
    Apr 05 10:59 AM
    Why Gold Juniors Have Not Yet Popped [view article]
    As a small speculator who's looked at and occasionally invested in the juniors I concur with the comment above from JKC about this sector being too much of an unknown crapshoot for most investors. I also think the ETFs will take a lot of money flow out of these stocks. Why bother playing this small--and easily manipulated--corner of the market when the big miners like KGC offer
    great liquidity, tight spreads, and very active options trading? No thanks--the risk/reward ratio here stinks IMO, and I've abandoned the juniors as a playground.     Reply
  • commenter
    whey2play
    Apr 05 10:32 AM
    Why Gold Juniors Have Not Yet Popped [view article]
    I agree that shorts have made a killing in these "junior" stocks. I also agree with the comments about GNMT. Turns out their mining interest is literally a goldmine "island" surrounded by Newmont's Phoenix mine which is actually the largest gold mine in the U.S. Now, that GNMT is closer than ever to actually mining their interest and if you take into account their proximity to Newmont's along with the fact that GNMT's drilling has shown greater than originally projected results, I'm holding and "....waiting and ...hoping ...and praying..." and believe this stock can and should make it back to the $.50 per share price that it enjoyed a year or so ago. Reply
  • commenter
    User 173390
    Apr 05 09:54 AM
    My Website
    Taxpayer Bailout Ideas Stabilize U.S. Dollar, Trip Gold [view article]
    Very, very interesting. I have no background in economics, so couldn't understand some of the ideas you presented, but I liked reading the article nevertheless.

    One thing I didn't get is why some Japanese think that a weak yen could benefit Japan. As I understand it, the US became the world's economic leader because the dollar was the strongest currency available, so other countries wanted to follow it's lead and tied their currencies to it. Wouldn't the Japanese want the kind of power for themselves?

    Also, it doesn't seem like Saudi Arabia has many options beyond the dollar. The military strength of the US in the Middle East all but ensures that the US can do what it wants economically.

    Hmmm... now that I think about it, maybe I just answered my own question. Are the Japanese weakening the yen to please the US? Maybe that's the real reason and all other explanations are a front.

    Could someone versed in economics explain these things?     Reply
  • commenter
    Kiwi
    Apr 05 08:44 AM
    Why Gold Juniors Have Not Yet Popped [view article]
    As a writer you are missing the main reason why the juniors are down and out, that is they are heavily shorted by the hedge funds.

    This will not last an it will soon be time to reap the rewards as the PPT or US government Working Group for Financial Markets will be unable to manipulate the markets any longer.

    Google Jim Sinclair and or GATA.     Reply
  • commenter
    rkizer
    Apr 05 08:24 AM
    Why Gold Juniors Have Not Yet Popped [view article]
    Very true on most points however keep in mind that there are juniors out there in development that are producing only outside N.A. and using efficient new technologies. No legacy methods.
    Reply
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