Gold ETF Holdings Plummet

Gold ETF Holdings Plummet Gold ETF holdings have been steadily declining so far this year. Investors sold a net 106.2 metric tons (approx. 3,414,330 ozt) of ETF gold products valued at $5.4 billion in February.  In March, investors sold a net 26.1 metric tons (approx. 839,115 ozt).  

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Paper On, Paper Off – Gold On, Gold Off

Paper On, Paper Off – Gold On, Gold Off The stock market is soaring.  The gold (and silver) market is tanking.  Why? It is part irrational exuberance and part paper intoxication.First, the Dow Jones industrial average rose 175.24 points, or 1.2 percent yesterday, February 27th, to 14,075.37.

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January Wrap Up

January Gold and Silver Wrap Up After running out of steam between the 55 day moving average ($1695) and $1700, gold has effectively resumed its sideways trading pattern from mid-Dec. Though anecdotal, there is some sentiment that many long investors may abandon positions if they don’t feel

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Heading in to 2013

Heading In To 2013 The fiscal cliff negotiations came down to a thirteenth hour compromise in which the US tax debate was temporarily resolved but spending issues were swept under the carpet to be resolved another day (a simple game of kick the can).  The market reacted

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