donderdag 1 mei 2014

There we go again: GLD raid

GLD raid has started again. If anyone is saying that gold ETF's are buying gold again, well it has reversed now. GLD hit a new low of 787.94 tonnes in the trust. GLD outflows are commencing.

I think China is at it again, because Shanghai gold premiums are starting to become positive again. Just like on 20 June, 2013 and 11 Dec, 2013, where we had a bottom in the gold price.

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