Gold Analysis (GLD) 9/25/2010 Gold Market Trends Analysis & Commentary

[armghanb]

Just bought it at $134.33 10/15/2010 , where do you see the price 1 month from now ?

[StockMarketFunding]

@armghanb we are traders and we don't speculate on price targets or performance because data and information changes every day. We've been calling for $2,500 gold prices longer term for over 2 years. Gold will go higher but we bought it awhile ago and there is much more risk buying it now after it's made it's move. The reason you see these massive corrections is because all the retail public and hedge fund managers are all crowded in the trade.