Wikinvest Wire

Finally, an addition to the GLD inventory

Monday, May 25, 2009

Almost unnoticed on Friday, as everyone was making a hasty retreat from work in advance of the Memorial Day holiday, the SPDR Gold Shares ETF (NYSEArca: GLD) made its first substantive addition to its "tonnes in the trust" in almost two months.
IMAGE Whether this signals or confirms another big leg up in the price of gold is anyone's guess at this point as the additions back in March were unable to prevent the price from tumbling. One of the big differences between then and now is that the dollar is much lower versus other currencies.


Full Disclosure: Long GLD at time of writing


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