Commodity Trade Mantra

Posts Tagged ‘GLD Holdings’

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.

Bull Market in Gold Driven by Massive Gold Investment Buying

After shunning prudent portfolio diversification with gold for years, investors are finally starting to reestablish those essential positions. And since their collective gold holdings were so incredibly low heading into 2016, reflecting hyper-bearish sentiment, the gold investment buying has only begun. It will likely take years to complete, driving gold’s new bull higher on balance the entire time.

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.

Gold Prices On Another Retreat Post FOMC

Prior to the FOMC announcement it briefly looked like gold may be about to break above resistance, but it was not to be. As a result, there is still no conclusive signal as to the direction of next major intermediate term move.

Gold: An Attitude Adjustment for Bankers

A growing number of institutional analysts, that only a few weeks ago were singing a bearish tune have become bullish on the near-term outlook for Gold – The swift attitude adjustment is a testament to the strong impact of rising prices on the investor psyche.

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