AGORACOM News Flash

AGORACOM CONFERENCE UPDATE

12 More Companies Added To Schedule For Dec 3 & 4. (See Schedule)
Keynote Speakers Include Peter Grandich, Eric Coffin (See Speakers)
Workshop Presentations Added To Thursday Schedule
Investors from over 45 Countries Have Visited
Conference Begins 2 Weeks From Today!

Looking forward to seeing all of you there gang. Registration is free for investors. AGORACOM Members register with just one click. Non-members takes less than 60 seconds. Register here (see form on right hand side)

Message: Suspect Gold ETF Activity

Reply New Message

« Prev Message Back To Forum Go to Threaded View Next Message »

vhf

Rank: [?]

President

Points: [?]

5070

Rating: [?]

Votes: 52 Score: 4.3

Currently 4.3/5 Stars.

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Suspect Gold ETF Activity

posted on Nov 06, 09 04:49PM

It seems da boyz in NY are shuffling around those same the 3 gold bars again.

Regards - VHF

What's Going On With GLD Inventory?

Tim Iacono

November 6, 2009

One of the surprising developments related to the recent move up in the gold price (that is, aside from India beating China to half the IMF's stash) is that there has been nary an addition to the SPDR Gold Shares ETF (NYSEArca:GLD), the world's most popular gold ETF.
After a huge run-up early in the year, a move that was widely believed to have supported the price increase at the time, inventory is now actually below the level seen in April when the yellow metal sold for some $200 or more less.