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Skyharbour Resources Ltd. is a uranium and precious metal exploration company actively involved with the development of projects in one of the most active uranium exploration regions in the world, the Athabasca Basin, Saskatchewan.

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Message: Re: Gold up up up and again UP Somemore

Geo
Sep 06, 2008 06:37AM

My biggest concern for the price of gold is the GLD ,,ETF



So far many futures traders and gold investors have loaded up on GLD,,,and so far they have not been sellers,,,but,,,as the COMEX keeps getting whacked,,,a time may very well come in which we see GLD holders turn to sellers.

This would be very bad,,,as it would be as if the 7th largest Central Bank started to dump gold while gold is already falling.

The downward pressure could very well push gold to the 650 range IMO

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