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Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 368.29+0.6%4:00 PM EST

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To: ecrire who wrote (27885)5/31/2012 2:59:42 PM
From: ecrire  Read Replies (4) of 29622
 
Exit flat long Gold ETF.
Was expecting a counter trend rally which is not happening.
With interest rate declines breaking records; a flattening yield curve, Treasury can refinance debt near 1% (10 year at 1.55) so this game can go on a long time with little cost, unlike Spain or Italy who have to pay 6% or so.
Commodities weak, led by Oil, so inflation not an issue.
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