Replies to post #1893 on SPDR Gold Trust (GLD)

[Surfint]

As of Monday, August 5,2013:

"So the question now is whether gold will hold its previous low at $1,178, or move lower to test major support at the $1,050 to $1,070 level.Silver’s major long term support lies between $15 and $17. If gold closes below $1,295.80 and then $1,262.50, new lows will likely be seen heading into September. That would be the final low."

[Surfint]

...he further adds that gold would have to close above 1449.50 on a friday in order to change his view on gold dropping....

This guy is almost always right for several years, so, for me at least, it's not productive to debate it; if anything, it's a relief to find a source that has been reliable that you don't have to second guess. He has a PHD in economics from Columbia and over 30 years experience.

He can change his view but more often than not he doesn't have to.

If anyone doesn't agree with him, they can direct their comments to him because I would prefer to hear someone out that has his track record. if he's wrong, they can direct their views to him as well.

Here's the guy.

http://www.thestreet.com/story/11997955/1/gold-rises-as-jobs-disappoint.html