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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: ild who wrote (22268)11/22/2004 11:57:03 AM
From: jrhana  Read Replies (1) | Respond to of 110194
 
According to my Fidelity quote, GLD has traded over 7.3 million shares today with a high of 44,89
and a low of 44.74-really very little volatility.

I do not think people are day trading all those shares for a few pennies.

Some or most of that volume must represent new shares-I believe. Which should be a positive for POG.



To: ild who wrote (22268)11/22/2004 12:09:17 PM
From: Claude Cormier  Respond to of 110194
 
<4. Turk is mostly just worried about the 'competitive impact', i.e. the business he's going to lose to the ETF. >

Well obviously he doesn't know Turk for saying this. James care about the industry and he doesn't need to beat on others to raise his own venture.

Heinz (Troztki) really dismissed the loopholes about the chain of custody, inability to audit and true responsibilities of the custodians, sub-custodians and sub-subcustodians.

My opinion.