Commodity Trade Mantra

Posts Tagged ‘GLD Buying’

Renewed Buying in Gold Futures & GLD Shares Fuelling Gold's Next Upleg

With gold futures speculators’ collective bets no longer excessively bullish and holding back gold, that paves the way for major investment buying to resume. Meanwhile American stock investors have resumed heavy buying of GLD shares again, fueling this ETF’s big early-quarter holdings build equalling Q1’16’s massive jump that ignited gold’s young new bull.

Gold Investment Remains Deeply Out Of Favor

Between Dec 2012 & GLD’s recent 6.3-year holdings low in Jan 2015, investors dumped so many GLD shares that it was forced to liquidate 648.5t of gold! That’s about 25.9t of gold per month. These epic outflows overwhelmed normal gold investment demand, forcing gold’s price sharply lower.

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