SPDR Gold Trust (ETF) (GLD)
SPDR Gold Trust (the Trust), formerly StreetTRACKS Gold Trust, is an investment trust. The Trust holds gold, and from time to time, issues SPDR Gold Shares (Shares) in Baskets, in exchange for deposits of gold and distributes gold in connection with redemptions of Baskets. A Basket equals a block of 100,000 Shares.
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a bubble ready to pop.
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The IMF plans to sell another 203.3 tonnes of gold and they have not found a another big buyer yet.
I think that is approximately 8 percent of annual world production.
Gold sales in India, the world’s biggest consumer, have been poor during the holiday season amid record prices and the nation’s imports will decline, according to the head of the Indian Bullion Market Association.
Imports in the final quarter will be about 50 metric tons compared with a quarterly average of 100 to 120 tons, President Anjani Sinha said in an interview. “Demand hasn’t picked up and Indians are selling jewelry actually,” he said.
High prices pulled down Dubai retail gold sales by 40% in September.
The price of gold went straight up after the fund inception date (11/18/04) of GLD.
Is this a coincidence?
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Hedge against the dollar.
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mmmmmmmmmmmmm me likey precious metals me likey a lot
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As the dollar weakens, the price of gold will rise.
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Weakness of dollar will raise the value of gold
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A pure play etf on gold.
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History is replete with the result of the actions that Marxist in the White House is taking.
Yet every one seems to think doing the same thing again will lead to a different result.
What he wants, we don't need.
When the majority of people loose faith the the "full faith and Credit of the United States" (that's all the dollar is backed by you know) the dollar will become "Charmin".
I feel like Noah, every one called him a nut until the first rain drop fell.
Don't buy gold as an investment buy it as a hedge against insanity.
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Money Supply Growth is in double digits as Fed inflates the currency to prevent collapse and pay off unsustainable national debt in cheaper dollars. Shadow Government Statistics data shows real inflation at 12-13%. Gold will continue to rise in this environment.
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The temporary strengthening of the dollar is providing a buy opportunity for gold.
Gold beat the SP500 for the last 10 years and will continue to do so for the next 10.
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The dollar will continue to weaken and gold will outperform as gold continues to be a safe haven and its relative value (in dollar terms) increases as the dollar falls.
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Hype due to dollar devaluation/inflation fears. Don't think inflation will be a problem due to current employment/wages. Poeple follow the pack.
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gold is shiny and I look darn good wearing it : )
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the buck will strengthen and gold will prolly fall back to $900 - $950 by Janurary 010
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There is still a lot of chatter and fear about inflation which is generally advantageous to Precious metals. Furthermore, there has been a slight uptrend in volatility and I expect that trend to continue till Q1 '10, which will lead to more money moving to more stable vehicles such as Gold
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Weak dollar will drive up commodities - including gold.
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Higher gold price anticipated in the prices of gold stocks - profit taking expected, but long term, I like the metal.
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Expecting this to rise against the US dollar over the next decade.
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Gold is going up. $1600 seems to be the generally agreed upon next ceiling, but since gold is so emotion-driven, I'm guessing it'll get pushed north of $2000 very rapidly.

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