GLD

[#1]

Hi guys, anybody know how to evaluate this? How is the price actually calculated? Thanks!

[saash]

Gold price multiplied by R/$ Exchange.

[saash]

divide by 100

[Ega]

Minus a few cents for ABSA's commission

[#5]

Perfect - thanks!

[Werner_1]

I looked at the charts yesterday, it seems as if the growth in GLD since mid-jan was basically only due to the ZAR decline, so we need to watch the rand as it could strengthen and GLD might drop off, if otherwise a surge in gold price would be good, do you think this is likely, i am watching it closely and it looks quite volatile today?

[Werner_1]

http://www.marketwatch.com/news/story/gold-drops-imf-sales-reports/story.aspx?guid=%7B45893B12-CC9C-...