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Gold ETFs Lose Predictive Power

Posted on 29 August 2014

During the height of gold’s bull run, market observers frequently complained that exchange traded products backed by physical holdings of bullion, including the SPDR Gold Shares, were criticized for being the tail wagging the dog of the gold market.
Said differently, traders and investors were often stumped by what asset class truly moved the gold market: Futures or ETFs. Although investors have put money to work in gold ETFs this year, the predictive power of GLD and rival funds is seen as waning following a 2013 drubbing that saw GLD tumble 28.3%………………………………………..Full Article: Source


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VRS - who has written 38584 posts on Opalesque Commodities Briefing.


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