Cesato

GLD Amassing Physical Gold

JBP, selling is the name of the game short term, buy back on December, strangthening USD, lower Oil (and in general the commodities complex) increasingly need for cash and expected lower physical demand will bring Gold price down, Hedge Funds are also in a widespread liquidation of assest to raise cash and stand aside or even looking for bargains in the stock market after approval of the bailout package, remember that Hedge Fund have been key players in the Gold uptrend, I see a techical double top at 986 (disregard the spike to 1033) as I mentioned in a previous comment the USD/Gold ratio stands where it was in March 2008 prior to a USD 250 decline in the price of Gold. Silver is a different bet but probably at USD 10 or so then it worth to buy it but again not anytime soon.