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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Claude Cormier who wrote (22201)11/21/2004 4:16:52 PM
From: Square_Dealings  Read Replies (2) of 110194
 
I think its good to scrutinize the ETF and I think there will be a lot of eyes on the accounting and transactions of the ETF.

But I think its a mistake for Turk to not recommend it or the Aussie fund as investments. Rather it would be better to point out how much better GoldMoney is and how there are no doubts about some of the issues he brings up w/respect to GLD.

But GLD can do something that GoldMoney can not right now and that is to pile in the public on the huge commercial short position. GLD has opened the floodgates to the public that has had no idea how to get access to claim on physical. GoldMoney, mining shares, and every other gold related investment can only benefit from a surge in physical demand.

As people become more knowledgeable in the area they can move to GoldMoney for the benefits it has, or they will start buying mining shares after they study things more.

I seriously doubt that up front there is going to be a lot of funny business with the GLD etf. That kind of stuff I would expect to come later, but hope it does not. I hope for now and especially over the next few weeks everyone buys the hell out of GLD, GoldMoney, CEF, and Comex futures for delivery. Blowing up the commercial short position would be extremely satisfying.

M.
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