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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Why you shouldn’t be selling gold

Posted on 08 March 2013

In a vivid example of just how nervous investors have gotten over gold, one of the biggest ETFs to track the precious metal — SPDR Gold Shares – saw $5.4 billion hit the exit door year-to-date, according to ETF Trends. More about record low flows in February for gold ETPs.
And it’s not just then, Bloomberg News noted Thursday that John Paulson saw an 18% decline in his $900 million Gold Fund last month, and a 26% knock so far this year. Investment banks have been scrambling their calls on gold, investors have gotten wary that the Fed may bail early on its stimulative monetary policy, and then gold is facing down a Wall Street bull market………………………………………..Full Article: Source

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VRS - who has written 36685 posts on Opalesque Commodities Briefing.


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