Wikinvest Wire

GLD adds a little metal

Monday, November 09, 2009

It's funny that, for about four or five months earlier in the year, news outlets like Reuters would cite any changes to the inventory at the SPDR Gold Shares ETF (NYSEArca:GLD) in their morning report on the gold market, sometimes in the headline.

That doesn't happen much anymore for reasons that should be clear in the chart below.
IMAGE The "tonnes in the trust" did tick up earlier today, the 6.1 tonne addition being the biggest increase in over a month, following an addition of 4.9 tonnes four days ago.

Maybe this is the start of some serious "catching up" for the world's most popular gold ETF as the holdings now sit at the same level as when the price of gold was almost $200 lower.

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