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 GLD Premium

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Thump

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Join date : 2008-05-13
Location : Central Florida

PostSubject: GLD Premium   Mon Apr 11, 2011 11:52 am

More Than it's really worth.



8.47% above the actial "virtual" gold that it represents. These index type funds look a little
troublesome to me. Too easy for people to invest in. Maybe go long actual gold and short
GLD? I think I just won't trade them. Dollar's really down though so gold's really up.

One Year Gold Chart
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rockhump

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PostSubject: GLD Premium   Tue Apr 12, 2011 6:13 am

Yep, think gold is overdone a bit at these levels. Wouldn't be surprised if silver keeps treading higher though and is the better commodity trade.
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Thump

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PostSubject: Re: GLD Premium   Tue Apr 12, 2011 1:39 pm

Silver's usually the last hurrah for presious metals. Gold will start going up for
a good reason then people start buying 'cause it's going up. Later, somebody
says Silver's the much better play and it's a low point in it's historical
relationship to gold and it starts going up. Then at some point they both crash.
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