Replies to post #34032 on GOLDBUGS AMEX Goldbugs Index (GOLD)

[Sparks111111]

GLD should get it's gap filled at 123.04 tomorrow, gold looking very weak IMO.

USD breaking out hard, looking to buy some physical between 800-1000, gold hasn't even begun to capitulate yet.

Still way too many bag holders clinging on for dear life...when this capitulates, they will sell...at the bottom as usual...

This 1178 bottom is not going to hold...never.

Gold to 1000 next...will be some bargain miners there too.

800 could be bottom, let's not forget, gold is dead, no one likes it anymore...Silver, forget about it...worthless

[Sparks111111]

Let's face it, gold isn't backed by any currency...it's just a yellow metal that's used in a few computers and some moms like buying it for rings and jewels...it's worthless these days...

With carbon nanotubes coming into the mainstream, technology is moving away from gold.

Why is gold worth 1300 when you can't buy anything with it...

Can you buy groceries with it? nope...drugs? nope...

No accepts gold, it's not currency and it's not backed by currency, making it worthless...Buffet makes sense.