Friday, January 16, 2015
Wonder if GLD is seeing any inflows....
ETF.com - top 10 ETFs in share creation. The data is for last week, but according to them GLD saw $16.96M of inflows, which is a bit over 3 tons of gold.
This week the price action's been more exciting, so maybe we'll see higher inflows. You'd think so, anyway.
And thus a bit of gold supply suddenly turns into a bit of gold demand.
Even 10 tons a week across bullion ETFs isn't great, but at least it's 500t/y of physical off the table, and that's definitely something positive.
What's Ritholtz's take on this, anyone know?