Seeking Alpha

The GLD sees net inflows for the first time in months

  • The SPDR Gold Trust (GLD -0.5%) last week saw its first net share creations since February, according to State Street data. Net inflows of $193M were tiny compared to over $40B in assets, but come after more than $20B in outflows YTD.
  • Commerzbank says the inflows have continued in the few days since the end of the last data compilation date.
  • Gold's taking a breather from its recent run, off 0.45% to $1,365 per ounce.
  • Related ETFs: IAU, SGOL, PHYS, AGOL, DGL, UBG, DGP, UGL, DZZ, GLL, DGZ, UGLD, DGLD, GLDI.
Comments (4)
  • Can someone show where the insurance is [if any] on an investment in GLD?
    Capt. Brian
    The Lost Navigator
    19 Aug 2013, 12:40 PM Reply Like
  • Everybody is free to choose the insurance of his liking ....
    19 Aug 2013, 04:47 PM Reply Like
  • Pigs to the slaughter ....

     

    Interest rates are just beginning to rise ....
    19 Aug 2013, 02:02 PM Reply Like
  • Gold did well during the 70s with higher interest rates until Volcker raised rates sky high. That will not happen this time. There is too many OTC interest rate swaps that will destroy the banks and sovereign countries have too many debt too. As long as real interest rates are negative, and they are, gold and silver will do well. Do you think the real inflation rate is below 2%? Do you do your own grocery shopping or does your butler do it for you?
    19 Aug 2013, 05:30 PM Reply Like
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