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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: regli who wrote (49890)4/19/2006 10:39:33 PM
From: aknahow  Read Replies (1) | Respond to of 116555
 
No, I have never seen an intraday delivery (reported).
The delivery and withdrawal information is reported at the end of the day. But the delivery could take place intraday.

GLD does report the intraday premium/discount delayed for both spot and shares.

But it is difficult for an individual to track the volume of shares traded at a given premium level.

What I find interesting is that the authorized participants can end up buying and delivering irrespective of the technical or fundamental outlook for gold.

However it is likely that a bullish outlook for gold by investors is more apt to see GLD shares trade at a premium and vice versa. But today even as gold bulled up the shares at times traded at a discount.



To: regli who wrote (49890)4/20/2006 10:33:02 AM
From: aknahow  Respond to of 116555
 
Might see withdrawal of physical today as discount appears large enough to make purchase of shares from proceeds of sale of gold taken out from GLD profitable.

Premium/Discount of Delayed GLD Share v
Delayed Indicative Intraday Value* of GLD
data delayed 20 minutes

-0.241%