The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: aknahow who wrote (48907)	1/6/2006 1:12:04 PM
From: ild	Read Replies (2) of 110194

<<<Do you believe the premium or discount of GLD provide any indication of future deliveries of gold to the ETF?>>> Yes. The premium means buying interest. The premium would have been even higher if the arbitragers (you call them broker/dealers, but to me they are arbitragers) hadn't been arbitraging this premium away. What I see happening is many smaller funds are willingly acquiring GLD at a slight premium because they have to easy means to get gold at a spot to create GLD shares. At the same time some well connected to gold trading boyz in London are making little low risk $$ by arbitraging away GLD's premium.

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