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GLD Showing First Bullish Signs In 2014

July 4, 2014

First off a very Happy 4th of July to all of our American listeners. When I was going to school in the US July 4th was always my favorite holiday.

Here is some updated info on GLD holdings. It appears the gold holdings in GLD have bottomed and will hopefully continue to increase. As stated in the link below “The GLD ETF, which accounts for 36% of global gold ETF volume, is an important measure for Western gold investment interest”

gold GLD holdings

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Discussion
3 Comments
    Jay
    Jul 04, 2014 04:57 AM

    bullish indeed, just keep in mind these funds (particularly slv) are waayy shirt of physical to back their shares up.. which according to recent history – unless there is a supply default – means a large short is forthcoming to cover the physical shortage..

    Jul 04, 2014 04:36 PM

    Today, I met a Chinese man who lives in Hong Kong and I asked him what he thought of the US greenback, he looked at me with a smile on his face and said, “You know whenever The Americans want something all they do is print money”, right on was my reply but I’ll bet you’d be hard pressed to find someone who lives here and knows that.

    Reo
    Jul 07, 2014 07:58 AM

    Big deal Dick…..hong kong still accepts that money so they are just stupid