05.02.2009 - Gold ETF impact
From Fxstreet.com: In the midst of our seemingly endless slog through the dark sentiment wastelands plaguing the markets, we have a birthday to celebrate. Four years ago this week, a revolutionary exchange traded fund (ETF) was launched that forever changed trading dynamics within the global gold market. Known today as the SPDR Gold Shares, GLD has been wildly successful by any measure. GLD’s rise to fame has not been easy. While a few contrarians loved the idea of a gold exchange traded fund to broaden investor participation in this gold bull, many investors were very skeptical. Some were downright hostile..... Full Article: Source