The SPDR Gold Trust ETF: $1,200/Oz Floor Hypothesis
- GLD has tested a floor equivalent to ~$1,200/oz of gold 3 times now.
- All-in cost of gold production in the industry is ~$1,200/oz.
- Physical demand in China and India spikes when prices test $1,200/oz.
- GLD liquidations have totaled 20 million ounces but have been absorbed by Asia (and more).