Loading ...Don’t buy GLD.
https://www.zerohedge.com/commodities/heres-every-reason-avoid-buying-gold-etf
He leaves out GLD buyers who buy calls looking for a bullish outcome screw themselves because the machines are programmed to exploit consensus no matter what the fundamentals.
That’s why shit on a stick can trade up to Pluto (because of put buyers — short squeeze) and gold is held back (because of the call buyers — no short squeeze — any market including gold needs a wall of worry to climb).
Of course I preached this for years about the ETF’s but the children don’t care.
Cheers all.