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Worden Discussion Forum » General Discussions » Stock and Market Talk » How far will GLD (Gold) Fall?

How far will GLD (Gold) Fall? Rate this Topic:
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jryanweb
Posted : Sunday, May 21, 2006 10:18:58 PM
Registered User
Joined: 10/24/2005
Posts: 101
 I'm bullish on Gold's fundamental for long term. However, on the short term, GLD is falling.

So the question is "how far will it fall"?

From the look of it, it has support at: 64, 59, 55, and 50.

I had been expecting 64, but with the gap down, I'm not sure if 64 will hold.

Let's hear your opinion.
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wwrightjuly4
Posted : Sunday, May 21, 2006 11:18:41 PM
Gold Customer Gold Customer

Joined: 4/10/2006
Posts: 954
It will drop between 63 - 61.

recover to 70 within 2-6 wks.

-luck
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wwrightjuly4
Posted : Sunday, May 21, 2006 11:21:41 PM
Gold Customer Gold Customer

Joined: 4/10/2006
Posts: 954
Do you want to buy any ocean front property in Arizona?

I might be able to help.
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jryanweb
Posted : Monday, May 22, 2006 12:45:04 AM
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Joined: 10/24/2005
Posts: 101
 wwrightjuly4,

Hey, who are you kidding? Arizona must be at least 50 miles from the ocean. :D :D
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ghanson59
Posted : Monday, May 22, 2006 10:27:35 AM
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Joined: 1/6/2005
Posts: 17
 Not after "the big one" hits!
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