Friday, January 16, 2015

Wonder if GLD is seeing any inflows.... - 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?

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