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Does a big ETF drive gold’s price?

Posted on 06 May 2013

Want to know which way the price of gold is headed? Some brokers and money managers say you should keep an eye on gold ETFs. They say the recent collapse in the price of gold has highlighted a new leading indicator for the metal: the flow of money into and out of exchange-traded funds in the sector, led by the giant SPDR Gold Shares.
And some suggest that investors who are thinking of buying into gold-related funds may want to heed the recent past and go with the flows—that is, stay away for now………………………………………..Full Article: Source


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VRS - who has written 40662 posts on Opalesque Commodities Briefing.


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