A new high for the “tonnes in the trust” at the popular SPDR Gold Shares ETF (NYSE:GLD) seemed about as inevitable as Dow 11,000, the former occurring yesterday with the latter likely for today. Yesterday, the GLD ETF added 9.7 tonnes, the biggest one day gain since last September, bringing its total holdings to a record 1140 tonnes.
You may now begin adding comments on such subjects as GLD actually having no gold and this particular ETF being one more grand scheme to defraud the public, but, before you do, you might want to read this commentary by Adam Hamilton.
Full Disclosure: Long gold coins and GLD at time of writing.
