Fair enough - I too have taken the price rise on the back of the bid speculation to finally close out my GLD position. That was a very patient few months, but a very nice and quite unexpected early Xmas present 8-) Results pretty much as expected (what's their P/E now, about 60? LOL) but I'm not one for playing speculative bid situations. Would reconsider them once more if they fell back towards NAV but otherwise I'm just glad to have escaped with a fairly respectable little profit.