Blog > Archive by tag 'nyse:gld'
Stock markets are in violent flux. Safe-haven currencies are melting down. And Porsche punters just put hedge fund managers on notice: There is now massive pressure on funds to liquidate assets. Investors are piling into gold. But one top financial expert warns:
“Oil at $50… Gold at $500: This Crisis will affect ALL asset [...]
“Oil at $50… Gold at $500: This Crisis will affect ALL asset classes!” — Here’s how to protect your portfolio… and double or even triple your money in the coming, merciless commodities sell-off!
by J. Christoph Amberger
Baltimore — (TFN): Markets are crashing… stocks are dropping like lead… safe-haven currencies are melting down… and investors are piling [...]
Oil has lost over 50% — or $70 dollars per barrel — in four months. Could it lose another $20? What could that mean for gold? Let’s do the math: Oil at $50, applying the 7.5:1 ratio, leaves us with $375 per ounce of gold!
by J. Christoph Amberger
Baltimore — (TFN): TFN reader Ray K. [...]
As the dollar strengthens and global economies stumble, commodities have come crashing down from record highs. Major resource holders have become top sellers of their holdings. What’s an investor to do?
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SPDR Gold Trust (NYSE:GLD), the world’s largest gold-backed ETF, has sold more than 79 tons of gold in two months. That’s the equivalent of Australia’s total reserves. With a former net buyer turning into a seller, what do you think the chances for a renewed gold boom are?
***Update 09/11/08: GLD just announced that they liquidated [...]
Crude oil prices are a hurricane stand-down away from breaking through $100… gold is about to hit $750… and SPDR Gold Trust (NYSE:GLD) is going to the dogs! What should you do as the commodities boom crumbles?
by J. Christoph Amberger
Baltimore — (TFN): These days, I watch my stock portfolio with a sense of pain [...]
Gold is behaving just like the speculative commodity it is. Just like oil — whose realistic and immediate upside is $150, $200, $500, depending on who you ask and which plummeted $30 in the last two weeks — gold is hitting the skids right now: Today, gold for December delivery fell to $895.50, down $12.40.
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