Wikinvest Wire

More gold for the gold ETF

Friday, March 26, 2010

As compared to activity last year at this time it wasn't much, but recent additions to the gold holdings at the SPDR Gold Shares ETF (NYSE:GLD) are certainly a move in the right direction if ETF demand is to again play any sort of major role in the gold market.
IMAGE The "tonnes in the trust" rose by more than nine tonnes in just the last few days (circled in red) to 1125 tonnes, within striking distance of the all-time high set early last June at 1135 tonnes and then nearly equaled in late-December. The relative lack of ETF demand since the surge in early-2009 has been cause for concern and a new all-time high would certainly go a long way in allaying fears that investors have lost interest in this sector.

Full Disclosure: Long GLD at time of writing

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gih said...

I never see a real gold from mines.

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