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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 399.01

+0.1%

Dec 19 4:00 PM EST

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To: Box-By-The-Riviera™ who wrote (46635)	2/20/2009 10:05:13 AM
From: TobagoJack	1 Recommendation Read Replies (4) of 218629

this is what i just got in in-tray on gold from switzerland "UBS: GOLD short-term SELL, long-term BUY On Feb 18, total gold holdings of 8 major ETF tracked by us increased to 47.36 moz, up by 0.49 moz from 46.87 Moz as on Feb 17. Holdings in the NYSE-listed SPDR (also know as the GLD) increased by about 492 koz to 32.93 moz on this day. Rolling monthly increase stands at 8.79Moz, highest so far (by Bradley Roche). Over the past month, inflows into the ETF have more-than-equalled mine supply (6.7moz a month on average) and are close to matching total demand for gold. So this one category of buying is almost responsible for the entire gold market (with other buying via futures, OTC, bars & coins making up the balance). Now that investment demand has displaced all jewellery demand and is accommodating heavy returning scrap, the only way that a further increase in investment can occur is if gold prices move higher. One risk seems to be that a further acceleration in investment demand could make gold gap higher from here as the scale of investment flows overwhelms the "normal" market. "

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