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Daily Trading Opportunities - Friday, February 24
Article By: Anyoption
Thursday, February 23, 2017 9:30 PM EST
It’s a quiet session during the day on Friday, as Core CPI numbers coming out of Canada and a couple of mid-level European announcements will grab most of the headlines.
In this article: GLD, OIL, USO
Stocks And Precious Metals Charts - No Breakouts Or Breakdowns Yet
Article By: Jesse's Cafe Americain
Thursday, February 23, 2017 5:34 PM EST
Stocks were weak to sideways today. Unless something happens to trigger selling, I suspect we will see the major market indices hanging in there until at least the SNAP​ IPO comes out in early March.
In this article: GLD, SLV, NDX, SPX, VIX
Gold Jumps Most In 2017 As 'Mnuchin Moment' Sparks Dollar Dump; Dow Tops 20,800
Article By: Tyler Durden
Thursday, February 23, 2017 5:16 PM EST
The Dow topped 20,800 shrugging off any fears from Mnuchin...thanks to a VIX slam.
Powerful Gold & Silver Coiled Springs: Important Charts You Have To See
Article By: Steve St. Angelo
Thursday, February 23, 2017 4:59 PM EST
According to the fundamentals, gold and silver are severely compressed coiled springs looking for an opportunity to release their tremendous power.
In this article: GLD, SLV, DJI
Gold Price At 3 Months High, Testing $1250
Article By: Taki Tsaklanos
Thursday, February 23, 2017 4:40 PM EST
Gold continued its rise today. It gained 1.4 percent. The price of gold closed trading at $1250. Gold is now trading at 3 month highs.
In this article: GLD Also: GDX, SLV


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Counter Trend Moves Underway
Jim Trenery 2/14/2017 7:36:07 PM

I like your thoughts on these markets & especially #Gold. Every time the gold stocks take a dip they get bought up again without any follow through to the down side. What is it going to take to get GC to make an intermediate cycle low? Thanks. $GLD

The Best ETF To Profit From Gold
Jason Stewart 2/6/2017 8:56:13 PM

Moby, thank you for your insight into $SILJ. I've been looking for an alternative to $GLD ever since I did my due diligence into that fund and found it to be quite shady. GLD so famously claim that they are 100% backed but obstinately refuse to give investors access to any of the 'claimed' gold. Why? There are many profitable gold selling businesses in the world. GLD could even charge exorbitant fees for delivery of said gold but they don't for some strange reason.

The frequently referenced GLD subcustodian audit loophole makes me question this fund even more. What guarantees do we have that they have not leased the gold from someone else? i.e. HSBC. Are they leasing it to someone else? How many claims are there on the gold aka hypothecation? GLD's structure seems to be deliberately vague and intentionally flawed. GLD's custodian, HSBC, with their long history of fraud certainly do not inspire confidence either.

For anyone interested in GLD but have not heard about CNBC's Bob Pisani's visit to GLD's #gold vault, I recommend checking it out. His visit is documented in a segment called Gold Rush: The Mother Lode. This entire segment was organized by GLD's management to prove that their gold actually exists but the gold bar held up by Mr. Pisani displayed a serial of ZJ6752. This serial did not show up on the latest bar list during that time. Cheviot Asset Management’s Ned Naylor-Leyland discovered that this "GLD" bar actually belonged to ETF Securities.

Note that even on the subject of GLD's questionable insurance, they are not at all straightforward about it. Their representatives will not confirm nor deny the existence of GLD's insurance. I recommend anyone curious about this to confirm via calling GLD's publicly listed number for general inquiries at (866) 320-4053 and ask about this clause from the GLD prospectus: "The Custodian maintains insurance with regard to its business on such terms and conditions as it considers appropriate which does not cover the full amount of gold held in custody." Exactly how much of the fund is insured? They will not give you a straight answer and might even throw in some bizarre excuse which I've experienced. Why hide this information from investors? The people behind GLD certainly do not seem like the most honest types.

This Gold Rally Is Suspicious
Jason Stewart 1/24/2017 4:00:50 PM

Simple Digressions, once again you are not being entirely truthful here. It wasn't until mid February when the holdings truly start plummeting. You can see $GLD's holdings increasing or holding steady throughout January. Either way, this period contracts your claim of this indicator being reliable. There are other times when this indicator failed too if you want to go further.

This Gold Rally Is Suspicious
Simple Digressions 1/11/2017 3:14:04 PM

I have already explained it. Starting from December 2012 $GLD holdings were decreasing. So were gold prices. What is the problem then?

Unless this indicator stops working I will be following it. What is more, I will tell you when it does not work any longer.

Silver & Gold; Bullish Message If They Jump Over This
Kyle Soto 8/10/2016 7:29:21 PM

"...against Gold ETF (GLD)"

I've been trying to do my due diligence into the SPDR Gold Trust (GLD). Anyone know why there is a clause in the $GLD prospectus that states GLD has no right to audit subcustodial #gold holdings? Why would the organizations behind GLD forfeit this right and create such a glaring audit loophole? I have not heard a single good reason for the existence of this loophole thus far. It also doesn't help that GLD claims to be fully backed by physical gold bullion but yet it refuses to give retail investors the right to redeem for any of these ‘claimed’ gold bullion. There are a number of other red flags as well from what I'm reading:

"Did anyone try calling the GLD hotline at (866) 320 4053 in search of numerical details on GLD's insurance? The prospectus vaguely states "The Custodian maintains insurance with regard to its business on such terms and conditions as it considers appropriate which does not cover the full amount of gold held in custody." When I asked about how much of the gold was insured, the representative proceeded to act as if he didn't know and said they were just the "marketing agent" for GLD. What kind of marketing agent would not know such basic information about a product they are marketing? It seems like they are deliberately hiding information from investors.

I remember there was a well documented visit by CNBC's Bob Pisani to GLD's gold vault. This visit was organized by GLD's management to prove the existence of GLD's gold but the gold bar held up by Mr. Pisani had the serial number ZJ6752 which did not appear on the most recent bar list at that time. It was later discovered that this "GLD" bar was actually owned by ETF Securities."

Will Warren Buffett Really Let This Deep Value Slip By?
Bond Troubled Trader 3/16/2015 2:43:07 AM

Warren Buffett would never buy a $GLD stock ever and has many times correctly referred to gold as a ponzi scheme.

Gold Could Rise 30% In 2015
Angry Old Lady 1/15/2015 11:24:22 PM

Maybe 30% in the 2115 you'll see 30% $GLD

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