Gold Mining Stocks (XAU)

[NYBob]

The two ETF’s that I follow are the GLD and SLV. You must be very careful
in trading these vehicles as these funds do not have any beneficial gold
or silver behind them.
They probably have only paper claims and when the dust settles,
on a collapse, there will be countless class action lawsuits trying
to recover your lost investment.

There is now evidence that the GLD and SLV are paper settling on the comex.

***I do not think that the GLD will head to zero as we still have some
GLD shareholders who think that gold is the right vehicle to be in
even though they do not understand the difference between paper gold and
physical gold. I can visualize demand coming to the buyers side:

i) demand from paper gold shareholders

ii) demand from the bankers who then redeem for gold to send this gold onto China

vs no sellers of GLD paper.

http://www.silverdoctors.com/harvey-organ-something-sinister-happening-behind-the-scenes-in-comex-gold/

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110455905
God Bless