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GLD ETF - Any views

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Hi Guys Any views on the New Gold ETF. Gold has come off its recent interday high of 1806 and is at the time of writing 1763. Any views on a fair entry price point this morning?
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Super Contributor
depends on your timeframe. I have GLD unleveraged and my time horison -s 3-5 years. Im currently short the gold futures contract but my time horizon is 1-2 weeks. Long GLD? no idea really. If Im forced to speculate here's my thinking. THe rand will strengthen towards 6.9-6.7 so that will drive down GLD. I also feel gold has run hard and may go sideways (or have a small correction) in the near term. So to me there is too much downside risk for a GLDcfd right now. That said at 110 Id prob start taking a nibble with my CFDs - P
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Many thanks Paul - your insight has been a great help. Will keep an eye on it with a view to 11000c Regards J
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Super Contributor
I am holding on to my Gold etf / platinum etn / silver etn. I thinking we heading for trouble in the next couples of weeks & months in the global economy.
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