Seeking Alpha
  • Hypnos7
    Looks like a leak rumor hit GLD, SLV
    9/13/12
    Reply (10)
    • sean.parmelee: Now it's bouncing back.
      9/13/12
    • Hypnos7: The bounce back is slowing already ... looks dead cat.
      9/13/12
    • Hypnos7: But, the whole thing could be triggered by a false rumor.
      9/13/12
    • sean.parmelee: I would advise people reading these comments and watching the second-by-second fluctuations to remind themselves what has happened
      9/13/12
    • sean.parmelee: repeatedly in other "big announcement" days: rumor, reversal, initial reaction, reversal, sometimes even second reversal. It pays to wait.
      9/13/12
    • sean.parmelee: I would also comment that GLD sometimes seems to be the "dumbest" of the markets, moving the most on the initial, incorrect reaction.
      9/13/12
    • Hypnos7: I agree that the gold chart is highly news-driven, making it difficult to get a technical advantage. So either play the news, or sit out.
      9/13/12
    • REIT: never easy to make money.. .. shake the weak, and make markets interesting
      9/13/12
    • sean.parmelee: So we've now had the rumor, the reversal, the initial reaction, the reversal, and now another reversal. Nice. SPY was the dumbest this time.
      9/13/12
    • sean.parmelee: Even the 96% institutionally owned SSYS took a huge dive just a moment ago, only to change its mind. Dumb mutual funds are dumb.
      9/13/12
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