GTU Central GoldTrust: Midas Touch - GOLD | ProofTrader stock market prediction

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	Ginger Gal
	Annandale User since Jul 2010	26
Covers GTU AXPW.OB LYSDY.PK LNKD NXPI NEM - Go to Blog
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Midas Touch - GOLD

Gold has been on a decline and may decline further as the stock market continues to be volatile. But, in the end, if more money printing happens in the EU, the US, China etc. GOLD is what will be up. Only when inflation sets in firmly and the shakeout scenario stops will Gold not be the place to be.

One Gold stock for the long haul is GTU. It had a PE of 4.67. GTU is a Gold only stock. It is one of the best way to hold Gold for the long term.

Gold Bugs and Bears...would love to hear from you.

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What People Are Saying...

David Sachdev said at 12/19/11 12:27 PM Price action was $60.08 -0.50 (-0.8%)

I did notice the big story today on about five places being that "Gold is going down in Q1" and that is apparently the result of a poll. May mean that we are much closer to capitulation in gold, and that the sellers have sold.

But I haven't been following Gold closely enough to provide any meaningful input at this time.

Josh Warner-Burke said at 12/20/11 12:18 AM Price action was $59.96 -0.62 (-1.0%)

I see the logic in it, I just have never been able to make heads or tails of the action in gold. But yeah generally, inflationary actions by central banks - or overall risk aversion - drives up the price of gold.