It isn't time until the market says it's time.
its telling me its time.
That has been an indication of capitulation selling by holders of GLD.
that doesn't make sense. holders of GLD can only sell their shares, not the bullion itself.
How is it that the price per share is up over 10% while the tonnes held in the trust declined by almost 2%?
how about capitulation buying from investors like Roubini? he's an economist afterall. gotta be right.
Finally, here's an interesting and creative solution to the issue of getting all the gold from BoE to Venezuela.
thats a great article. and this is the real money backing thats supposed to fit into the new digital age?