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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: Nevada9999 who wrote (9910)4/28/2006 2:51:13 PM
From: aknahow  Read Replies (1) | Respond to of 78421
 
GLD follows the spot price of gold. Gold fell and GLD shares went down. Period! End of story.

Have never seen such a complete misunderstanding of something as there is about the gold and silver etfs. In large part, I blame the vested interest, dealers in physical, who rightly see ETF's as strong competition for potential customers and have attacked ETF's with misleading and at times false information.

Own no physical, own no ETFs but do own junior golds. Have considered GLD but not yet bought any.

Little guys that don't want to be hurt, should try to understand the facts more than many do, before they place their money or bets. Did not want to say invest. <g>

Down with the little guy, that just wants to blame others for their hurt!

Any little guy buying GLD instead of physical has probably become less of a little guy over the past year and a half.

Grow up, little guy. <g>



To: Nevada9999 who wrote (9910)4/30/2006 9:57:55 AM
From: aknahow  Read Replies (1) | Respond to of 78421
 
Was not going to bother but find myself doing so anyway.

When you look at the graph you yourself posted, do you find any gap down?

Just checking. If you pride yourself in accuracy you might want to modify your post.

GLD did decline from the offering price as gold declined. Difficult to define the slight decline as a gap down. The decline also took place later than three weeks.

Have no idea what SLV will do. It could stay the same, gap down or up or trade sideways. I do have a much better, in fact, exact idea, of what happened in the past.<g> You might be interested in a book, I am thinking of publishing, "Predicting past performance."