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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: regli who wrote (48513)1/3/2006 11:07:14 AM
From: aknahow  Read Replies (1) of 110194
 
Thanks, but in reality having to explain GLD to others is what helped me to finally understand it.<g>

Still may be missing some finer points but most of all I still am not sure how to use what I do, think, I understand.

For those that are interested, what appears to be certain is that: (1) deliveries or removals of physical gold are related to the permium or discount. (2)Premiums of .10% or one tenth of one percent are sufficient to induce participant broker/dealers to sell short and cover by delivering physical gold to obtain new shares and an automatic small but sure profits.
(3) the amount of increase of around 3.1 tons is related to the value of 1 million shares of GLD $50,000,000 being related to 100,000 oz. or about 3 tons.
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