Replies to post #1385 on SPDR Gold Trust (GLD)

[Hardwood]

Start thinking in terms of multiple and maybe you could get some on Wall to agree w/ such logic but time and price comparisons are irrelant IMHO.

[risk on]

Good post, like the avatar name too. Buying July 20 calls in the am, Gold trend reversal is all but solidly confirmed. The better half of me says to wait Til confirmation for certain, but the 21 day is stable, and heading up, and the Stoch's are crossing, and the BBs say buy, not to mention the clear double bottom, I'm in!

[Bunne1]

"When the Dow was at 8000 in 1997 Gold was at 320 an ounce."

And now you can buy 5x less with 1 dollar compared with 1997... And you buy the gold with the dollar. Which means? Connection dollar-gold will always be there, they want us to tell its disconnected, they officially disconnected it deccenia ago... Why? Because on wortless paper they can fraud on as much as they want! And they will! Its time to reinvent the ancient marketplaces where you give the golden piece to get your stuff!!! ;-)

[mr green1]

read my history! I warn you all!

[adeezl]

Huh? Gold was 200-600 just like 10 years ago for the most part, and before the the 70's sub $100.

Why the hell should gold be over $1000/oz? Why why why? because people say so? It's not going to back currency like ever.. so what is it?

I've also been saying Gold is toast from here.. it's a ridiculous pipe dream pump that got many trapped over $1500+