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

Gold may already be heading for the next up cycle

Posted on 12 February 2014

Arguably, the decline in the gold price over the past two years has been exacerbated by sales out of the gold ETFs, and particularly out of the SPDR gold ETF, GLD, where 551 tonnes of gold were offloaded last year (with other ETF holdings shedding a further 200 tonnes or more), following on from a little under 100 tonnes in 2012.
There are signs this year that this may be turning around with no sales out of GLD over three of the past four weeks – indeed overall there have been limited gold purchases which have cumulatively exceeded the outflow seen in the one week which saw this………………………………………..Full Article: Source


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VRS - who has written 39433 posts on Opalesque Commodities Briefing.


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