Cramer says time to sell GLD. Sounds like he implies a 25% correction coming as he likes to keep his interview rather obscure.
I think Marc Faber's recent interview may be a hint at what's coming. This means the DJIA will fall to around 9400 or so. This is purely based on my observations of Marc Faber and Jim Rogers. Cramer is in a different camp but at times he gets it right. I don't think it's coming as a flash crash this time but a steady stair-step type descent just to take people out. This means you have to short the market now like it or not but at the same time stay nimble. That's where we are at. For some reason it's the new way of trading---SHORT.
GOLD and SILVER spot prices could see a major dip. If this is about to occur I would expect GOLD to drop around $1300 and SILVER into the mid-20's. It's not wrong to consider this as a very likely possibility. The trend right now is too erratic and the economic conditions are such that there will be every attempt to strengthen the US DOLLAR at our expense.
How do you make money in US DOLLARS? You don't. You just have to go opposite here whether it's comfortable or not. But keep your finger on the trigger and if you are at the mercy of an IRA or 401K you better make different arrangements. Things are going to get very ugly!...developing....
http://finance.yahoo.com/video/marketnews-19148628/cramer-sell-25-of-gold-hold-rest-25940774
