zondag 16 maart 2014

Gold ETF Funds Start to Buy Gold

If you haven't noticed yet, the Gold ETF (GLD) has seen an inflow since the bottom in the gold price. So basically the supply of physical gold going out of GLD is now turning into a demand for physical gold going into GLD.

This will be a bullish event for the gold price.

Although Western people are now buying physical gold once again, the Chinese have backed off in buying as the premiums in Shanghai are now 0%.

So the East and the West keep each other in balance...

1 opmerking:

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