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  • Buy The Dip In Gold [View article]
    "Paulson & Co, Bank of America, and Morgan Stanley along with a host of other illustrious names in the financial world. These are companies that should be the first to know if GLD was unreliable."

    Author, please re read the prospectus. Somewhere in there it says the largest holders if a combo of 4 of them have over 75% of the shares in GLD - can take delivery. **It has been over a year since I read the prospectus, so it may have changed since then - but its well worth checking this out.** Where does that leave the rest of us? Especially, like you say, these biggies get wind of happenings within the industry long before the retail investor. That leaves the little guy with nothing but paper. Your argument is a stronger reason for us to NOT use GLD. Even for trading, GLD is not to be held very long because one never knows then the big guys will try and liquidate. It will probably happen in the dark of night.

    Also, that bullion allegedly being held in the safe??? Isn't it "loaned out" about 62 times over. So if 62 people were theoretically to stand in line to collect, 61 walk away with nothing.
    Sep 5 09:41 AM | 1 Like Like |Link to Comment
  • GLD: Market Bottom May Now Be Delayed [View article]
    Dorky, Long term 50% retraceement is around 1070. You might think about averaging in with this level in mind. I think there is another solid support around 1150, and 1180?

    Even if it does go to 700-800, buying near these levels, one might see it drop a few hundred, but if it does not get down that far, ya hate to be left empty handed as it bottoms above your chosen level leaving you behind.

    Just a thought. Good luck in your investments.
    Sep 1 11:08 AM | 1 Like Like |Link to Comment
  • GLD: Market Teetering On A Breakdown [View article]
    Phone number? ;^)

    As long as one doesn't manipulate the charts to support opinion - and I have seen it done. One should formulate opinion from the charts.

    Will look again when at the computer. Right now I am on too small of a screen to take another look. If I am wrong, my apology.
    Aug 28 05:08 PM | Likes Like |Link to Comment
  • GLD: Market Teetering On A Breakdown [View article]
    Another 2 months? Yawn........

    Oh well, good things come to those who wait, and wait, and wait, and .......
    Aug 26 10:55 AM | 1 Like Like |Link to Comment
  • GLD: Market Teetering On A Breakdown [View article]
    The "tough" go golfing? And who might that be? ;^)
    Aug 26 10:54 AM | Likes Like |Link to Comment
  • GLD: Market Teetering On A Breakdown [View article]

    You need to redraw your channel. Lines are not only not parallel, but both have chopped off parts of the trace. If you drew the channel lines to include all the moves, they would be parallel and it will not have broken the channel.

    Aug 26 10:52 AM | 1 Like Like |Link to Comment
  • GLD: Bigger Moves Are Coming [View article]
    Have a great time fishing! Don't think about the market. And instead of a second Cadillac, how about buying a tent and boat? Seriously, good luck, be safe and have fun.
    Aug 14 10:19 AM | 1 Like Like |Link to Comment
  • GLD: The Confusion And Whipsaw Continue [View article]
    Agreed, Gel, and perhaps that is why (like Ukraine), Middle East unrest also is not going to move the price of gold. Hmmm, if it hasn't moved the price in the last 1000 years, will it affect the price of gold in the next 1000?

    Well, if Ukraine and Middle East unrest are off the table, what else could move the price of gold? Guess I will have to stick with sentiment.
    Aug 6 10:36 AM | 1 Like Like |Link to Comment
  • GLD: The Confusion And Whipsaw Continue [View article]
    I remember, Charles, when you wrote about the ebola black swan. I didn't write you off, but wondered how long before it hits mainstream media.

    Re: local news. I flew a news chopper a number of years and even I had a hard time staying awake ;^) Seriously, it is a shame how local news is "dummied down" until you realize what you said - the public just doesn't care unless it hits their wallet, and they can't wait until weather and sports come on.

    But to keep this on topic..... C'mon, People.....Ukraine? Again? Nah, I don't buy it. If Ukraine was going to move gold, it would have a while back. Even when the airliner got shot down, gold spiked on immediate emotion, but gave it all back (and then some) the next day.
    Aug 6 10:32 AM | 1 Like Like |Link to Comment
  • 8 Indicators That Tell Us Where Gold Might Go Next [View article]
    I believe that clause is also in the GLD prospectus. I wonder how many actual institutions own the 75% shares. My guess is just a few.....

    One might want to trade the ETF's and buy physical for the long term.
    Aug 5 10:31 AM | 1 Like Like |Link to Comment
  • Short Cheniere Energy After This Meteoric 3000% 4-Year Run [View article]
    "So to the editors of Seeking alpha....."make up your freaking minds""

    I would rather make up my OWN fracking mind after being able to analyse multiple sides of an issue. The line between education and indoctrination.

    Thank you, Seeking Alpha, for letting authors present more than just one side.
    Aug 5 09:57 AM | 4 Likes Like |Link to Comment
  • GLD: The Confusion And Whipsaw Continue [View article]

    Good point. I have to see more days of all asset classes decline like they did last Thrusday to take this "correction" seriously. It will happen, just don't know how long one has to wait. Sounds like you think it could be this week? What causes you to believe that?
    Aug 4 09:50 AM | Likes Like |Link to Comment
  • 8 Indicators That Tell Us Where Gold Might Go Next [View article]
    Good article Doug. I kinda took you for a "closet elliottician" for a while now, but I guess you are no longer practicing Elliott Wave Theory in the dark.

    One other indicator that I like, too, is if all asset classes drop simultaneously like last Thursday. But then on Friday with gold and treasuries up, the S&P drop just looks like a down day. Will have to see how this plays out. But if things begin to look like more "last Thursdays" are ahead there might be your smack down. People are buying on margin at a record pace and that may cause across the board liquidation.

    Thank you for sharing your ideas - all very good points.
    Aug 3 10:09 AM | 3 Likes Like |Link to Comment
  • GLD: Whipsaw Not Likely Over [View article]
    Yep. I look for an all asset class decline - then we will know if the "correction" is real. Saw it yesterday. Not saying "this is it" (I will leave that to the REAL elliotticians). But a decline in the major asset classes together will at least get my interest.
    Aug 1 11:53 AM | Likes Like |Link to Comment
  • An End To Our Relationship With Yahoo, A New Era For Equity Research [View article]
    Very much agree with all you have said here.

    Yahoo! Finance has really gone downhill in the last year. I hardly look at it anymore - mainly stop in to see volume on individual names a couple times a day. That's it.

    Best of luck, SA, and all who participate here.
    Jul 31 09:04 PM | 9 Likes Like |Link to Comment