Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (10646)	12/11/2014 7:56:36 AM
From: Goose94	Read Replies (1) \| Respond to of 203398

Gold ETF Outflows Slow Down In December Outflows from gold exchange-traded funds are 114,000 ounces so far in December, with the pace having slowed considerably from the last three months, says UBS. “If the current average rate of change in gold ETFs is maintained for the rest of the month, selling should be limited to about a quarter of average monthly liquidations so far in Q4,” the bank says. “Interestingly, gold ETFs are up so far this week, and if the trend continues today and tomorrow, this will be the first weekly net inflow since September.” Meanwhile, the bank notes that while much of the strength lately has been on short covering, longs have been tentatively building positions. For now, gold has run into resistance around the 100-day moving average at $1,235.23, UBS says. “The reality is that in spite of gold's recent price performance, little has changed in the macro backdrop and outlook, which suggests that a new catalyst is needed to encourage longs to continue adding to positions and sustain the move higher,” UBS says.