| Is gold a crowded trade yet? Bulls are growing more optimistic by the day. Gold futures have climbed 26% to $1,333 an ounce this year (despite a 1.7% drop on Tuesday as risky assets rallied).
Nicholas Colas, chief market strategist at New York brokerage Convergex, notes that gold-tracking ETFs have pulled in $16.2 billion this year, reversing the $2.7 billion of outflows from the second half of 2015. Demand for gold ETFs is basically the same as demand for U.S. stock ETFs, which have pulled in $16.9 billion. Meanwhile, gold ETFs demand, at 364 tonnes in the first quarter of this year, the highest since the start of 2009...............................................Full Article: Source
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