Friday, September 12, 2008

Gold Could Plunge as SPDR Gold Trust (GLD) Dumps Supply

The SPDR Gold Trust (NYSE:GLD) ETF, the world’s largest gold ETF, sold over 90 tons of the metal in two months. When the biggest buyer of gold becomes the biggest seller, J. Christoph Amberger says the chances of a rally in the near future look decidedly slim.

read more | digg story

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