Replies to post #4049 on SPDR Gold Trust (GLD)

[hopester]

I think so as well. But from what level and when?

Just as recent as today and before the drop, I read an article by a CitiBank analyst calling for $2000./oz in a year or 18 months. It's the third calls like this in as many days.
Then; today the Kaplunk.
Note too that it was on a gap down.
I just believe it's not the time to buy or add now. Could well be the time after the damage of today and the next few days has healed and calmed down.
Logically it seems the only place to go for the time being but today the market does not agree with me.
Also, if the market gets a solid bounce in coming days, ( way oversold),I'd expect GLD to retreat further.