But dude is looking for a short squeeze. The GLD etf hasn't sold any. Institutions aren't selling. Approaching support line. I'm not biting yet, just looking.
Edit: I did bite the other day
03/05/2009 14:18:55
Bought GLDDR @ 2.94
for a bounce off the uptrend line at least. I'll take the squeeze if she does
03/05/2009 14:18:55
Bought GLDDR @ 2.94
for a bounce off the uptrend line at least. I'll take the squeeze if she does
Here is an update
Bear Hug for Gold?
2 comments:
I dont understand why GLD would have such large short interest when people would likely be better served in the futures market...
GLD gaps all over the place sometimes but with the gold futures your pretty much running 24/5
did anyone say why GLD would be shorted instead of shorting gold futures???
http://www.minyanville.com/articles/index.php?a=21359
splains a lil about the GLL and DZZ ultra shorts / short the futures, but I don't know if they're big enough to move the mountain on their own.
and then some of his reasoning behind the whole thing here....
http://www.minyanville.com/articles//3/4/2009/index/a/21437
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