Verona NJ Snowplow driver decided to drive on to my lawn

Then I was told I would be ticketed for failure to remove in a timely fashion......

60s Rock

Scotch

PSEC

Gold September 1st 2013

As Markets opened in New Zealand and Eastern Australia Traders took the Gold Market down, perhaps on news about Syria.


Markets recovered and are now trading in Friday's range.

Gold Shares ETF and the effect of diluting their assets

A large number of ounces being sold appears to have come from the ETF Spyder traded as GLD on the New York Stock Exchange. After viewing this link, where it states that as of Friday the Gold Shares owned or controlled about 32.7 million ounces of Gold I downloaded their spreadsheet. The Spreadsheet states how much the shares have been worth on a daily basis relevant to how much Gold they claim to have. I then created a column which spit out how much Gold they owned on a daily basis since the Trust first opened in 2004. The Trust appears to be one of the largest forces pushing down the value of Gold. As of December 24, 2012 they controlled 43.7 million ounces. So net/net the Spyder Gold Trust has sold 43.7 minus 32.7 million ounces or a total of 11 Million ounces of Gold into the Market since Christmas. So therefore Investors, traders, big investment companies by exiting or shorting GLD have put pressure on the Price of Gold to the effect of dumping 11 million ounces into the system. Just an observation, thought I might share it. http://www.spdrgoldshares.com/usa/financial-information/

AZO Iron Condor P/L Graphs