The recent GLD post seems to have dropped of the bottom, and I had no time to respond. For a lot of EX-SPURTS on this forum, it seems as if many are misinformed, goes to show that an EX is a "Has Been" and a "SPURT" is a drip under pressure :) Furthermore for some unknown reason Simon seems to be anti-gold, surely the "Trend Is Your Friend" and gold's overall trend is UP, besides IMO they are also a good hedge against a weakening Rand. For the Conspiracy theorists I have a Conspiracy alert! by James Turk; Why the US wants a low gold price - In a nutshell the Big Central Bankers (Gold Cartel) protection of "Fiat" money and their lucrative profits on forward selling The purchase of each Newgold (GLD) is the actual acquisition of 1/100 of one fine troy oz. This gold is held at the Rand Refinery in 400oz London Good Delivery Bars All info No in issue, net asset value, etc
http://www.absa.co.za/absacoza/content.jsp?VGN_C_ID=08494ceb96dc1010VgnVCM100000ce17040aRCRD&VGN_CI_... Gold demand doubles; supply tight -
http://business.iafrica.com:80/news/872450.htm Not only good for "Lucky Gold Balls" apart from jewellery, a thorough investigation reveals that there is a myriad of applications and uses which support the increasing gold demand. The most exciting being; "The recent announcement regarding the development of a new gold nanotechnology product, predicted to reduce noxious emissions by as much as 40 percent more than existing pure-platinum catalysts at equal cost, is very exciting.