Seeking Alpha

Richard Whitey » Comments » IAU

  • SPDR GLD ETF Unloads 79 Tons of Gold - Should Investors Follow Suit? [View article]
    In August, the U.S. Mint suspended sales of American Eagles because they could not keep up with demand. A glance a chart of sales (www.sharelynx.com/) shows that although sales are rising, they are only at levels seen several times in the past when there was no suspension in sales, and the level is much less than the build-up to Y2K.
    The U.S. Treasury statement for gold has not changed by one ounce since March 2006. You can find that statement here:
    fms.treas.gov/gold/ind...
    Have you ever seen any going enterprise have the exact same working inventory for 28 months?
    What goes on here? This comes from the U.S. Treasury and U.S. Mint, not some conspiracy web site. Can someone explain this?
    I wonder if the recent dollar rally and gold decline was engineered in preparation for the recent Fannie and Freddie action.
    Sep 11 10:30 am |Rating: 0 0 |Link to Comment
More on IAU by Richard Whitey
Comments by Ticker
Richard Whitey's
Comments Stats
10 comments
Rating: 1 (2 - 1 is )