World’s biggest gold ETF eyes 1st monthly inflow in over a year
This article comes from the mainstream Reuters website. Although the inflows into SPDR (the worlds largest gold ETF) are only up 10.5 tonnes in February, this month is setting up to be the first month to show an increase since December 2012!
Slowly but surly demand for gold is starting to come back in the west, which is the main price driver for the metal. While some smaller funds are still experiencing outflows, the overall gold ETF holdings have increased by 7.3 tonnes this month. This is signaling a major shift in (major investors) sentiment as Mitsui Precious Metals analyst David Jollie said “The net impact is that compared to last year there has been a big swing in ETF flows from bearish to bullish.”
If this continues into March and throughout the year I believe we can continue to see a consistently climbing gold price.
I suppose China finds it easier to get delivery of its gold from GLD than Germany has getting own gold back from American vaults, thus China went the GLD route to collect its gold ‘safe keeping’ within its own vaults..
testing?
And you wonder why police don’t always get respect?
http://rt.com/usa/king-city-police-cars-047/
And you wonder police don’t always get respect?
http://rt.com/usa/retired-cops-firefighters-arrested-911-891/
http://www.nationalreview.com/article/372077/ukraine-and-our-useless-outrage-victor-davis-hanson
But the Big Zero does not understand what the rest of the world thinks of him.
Start up a conversation in a coffee shop in Europe or the Middle East. He’s called….Well I had better not continue, because I don’t want to be expelled from this blog.
The Ukraine currency has fallen 28% in 4 days this week so far against gold.
Wind farms could tame Hurricanes.
http://www.nature.com/nclimate/journal/v4/n3/full/nclimate2120.html
Wake up Nantucket!
At approx 32 minutes Celente discusses the Ukraine situation:
http://www.youtube.com/watch?v=QEV9_Aquo0c&list=UUCs_FjJR8A7rompHCnW0-3g&feature=c4-overview
Celente discusses Ukraine at 5 minutes.
http://www.youtube.com/watch?v=yDYBij2n1yg&list=UUCs_FjJR8A7rompHCnW0-3g
Ukraine discussed by Durden:
http://www.zerohedge.com/news/2014-02-27/ukraine-deep-state-analysis
Crimea Latest:
http://en.interfax.com.ua/news/general/193321.html
!/31/14 GLD 793.16 tonnes
2/28/14 GLD 804.70 tonnes.
Yep it went up.
But since changes of the order per day are often 10 tonnes, this does not mean all that much.
What it means is that China will not be able to pull 1,000 tonnes out of GLD again this year.