Tag: gld

Extreme Flows in Several Gold Funds

Extreme Flows in Several Gold Funds

Looking through the final figures for fund flows among the most active ETFs for May, a few things stick out.

The most notable is the abandonment of gold-related funds. The GLD fund suffered outflows, as did the gold miners, GDX and GDXJ. With more than $1.5 billion leaving those funds over the past 20 days at the end of May, the outflow was one of the
largest in the past five years.

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Technical Picture In Precious Metals And Miners Based On Andrews Pitchforks

Technical Picture In Precious Metals And Miners Based On Andrews Pitchforks

The precious metals and the mining stocks remain in a long-term downtrend. We may be seeing the beginning of a new bull phase but caution is warranted. The sector became overbought in recent weeks and we are seeing a pullback. Price will show us where it wants to go next as the current decline plays out and finds support. If you are accumulating on weakness stick with the relative strength leaders.

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Gold At Major Trendline, Miners Breaking Out

| January 11, 2015 | Category: Price
Gold At Major Trendline, Miners Breaking Out

This is a huge development in the gold space. Even if you are not a big believer in chart analysis, you simply cannot ignore the long term trend on the gold chart. The first chart below is the weekly gold chart. It shows the red line which provides tremendous resistance since mid-2012, a 2.5 year trendline. Combined with the horizontal support around $1150, there is a long term descending triangle formation.

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Gold’s Upswing In November Amid A Lower Trend Line

Gold’s Upswing In November Amid A Lower Trend Line

There is clearly an upswing present since early November, but defining this upswing is a challenge so a broad in the Raff Regression Channel. It does a pretty good job of defining direction and accounting for volatility, which we are seeing now. The lower trend line ends around 112 and I will mark support here. The long-term trend for gold is still down and GLD has a big resistance zone in the 115-116.50 area.

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GLD Showing First Bullish Signs In 2014

GLD Showing First Bullish Signs In 2014

The combination of an increase in gold holdings with an above average number of traded GLD shares, on rising gold prices, is a sign of strength, one we haven’t see for a long time in the gold market. Investors should not ignore this.

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Precious Metals Complex Flashing Buy Signal

Precious Metals Complex Flashing Buy Signal

The XAU, gold, and silver look like they have bottomed. Asian demand is strong, and we have been assured by central banks that they will devalue their currencies to create inflation. Gold, silver, and their stocks will benefit.

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There Is No Direct Relationship Between Gold Price And ETF Stocks

There Is No Direct Relationship Between Gold Price And ETF Stocks

It does puzzle me why people think there should be a direct relationship between open interest or ETF stocks and price, given that they don’t have any problem understanding that the price of a company’s shares can go up and down while the number of shares on issues doesn’t change.

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Gold-ETF Selling Waning

| December 8, 2013 | Category: Investing
Gold-ETF Selling Waning

I suspect 2013’s trend of extreme gold-ETF selling is reversing. It is certainly dramatically slowing, with global gold-ETF outflows down 71% sequentially between this year’s second and third quarters. GLD’s alone plummeted by 3/4ths! The main reason is selling exhaustion and the number of remaining weak hands waning. But an additional important major reason is the incredibly-toppy US stock markets.

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Placeholder Gold vs Physical Gold – Spot The Massive Disparity

Placeholder Gold vs Physical Gold – Spot The Massive Disparity

The following is an excerpt from Grant Williams his latest report, in particular his analysis on the gold market: East vs West, physical gold vs “placeholder” gold. A massive disparity in appetite for “placeholder gold” is just one side of the coin, however; and India is just one of the Eastern countries that has been soaking up copious amounts of physical gold in recent months.

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How Gold ETF Demand Could Lift The Gold Price Dramatically Higher

How Gold ETF Demand Could Lift The Gold Price Dramatically Higher

Most commentators focus on the gold exodus in GLD. Although that observation is correct, it is only half of the story. The missing part is that the gold is not gone; it merely moves from West to East. THAT is the key reason why a resumption of the gold bull market could result in violent price reactions to the upside. The physical gold could be gone when the Western demand returns. That will possibly become the inflection point where the physical market will take over control of the gold price. Negative GOFO rates could be early signs of this process.

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Gold: The Bull Within the Bear

Gold: The Bull Within the Bear

Don’t be fooled by what happened in the futures market. The retreat in the gold price is a buying opportunity for physical metal. And those who do so will be in strong company. The bottom line for me can be summed up by Zhang Bingnan, secretary-general of the China Gold Association: “The dumping recently of holdings in gold exchange-traded products by overseas investors may not prove to be a wise move.”

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It’s Official – Goldman Sachs Was Buying GLD While Advicing To Sell

It’s Official – Goldman Sachs Was Buying GLD While Advicing To Sell

In Q2, Goldman Sachs added a stunning (and record) 3.7 million ‘shares’ of GLD. As Paulson dumped his GLD, Goldman lapped it up to become the ETF’s 7th largest holder.

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GLD Exodus Is Reversing

| August 16, 2013 | Category: Investing
GLD Exodus Is Reversing

Both last Friday and this Wednesday, GLD experienced enough differential buying pressure to necessitate builds of 0.2% each day. These are modest, but they are still noteworthy. It is actually the first time in all of 2013 that GLD has enjoyed two builds in less than a single week. The GLD exodus reversal looks to be starting!

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A Gold Myth Exposed With 7 Simple Figures

A Gold Myth Exposed With 7 Simple Figures

GLD ETF liquidation points to disinterest of some types of investors with a profound impact on price, at least short to mid term. However, physical gold selling by the GLD ETF and COMEX are not necessarily signaling the end of the bull market. Physical gold selling and buying is an equation. The gold market is not one dimensional.

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