
NYSEARCA:GLD
When you look at spider trust, it is surprising how much gold is held within it. There has not been a lot of selling out of this particular fund. He has not studied Sprott vs. the mint. The move in gold is more important then the relative move in the different ETFs. He uses GOLD equities such as Gold Corp. He wants dividends, which you don’t get from bullion.
About 1800 is the big resistance for the last year ago. If we get above that stocks will go too. If we go below about 1650 it would be a negative in his mind.