Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in

ETF Outflows, a New Crisis in Europe, and the Gold Market

IMG Auteur
Published : February 27th, 2013
270 words - Reading time : 0 - 1 minutes
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...

[Some thoughts on recent developments that have clearly had a positive impact on the gold market.]

A number of stories in the financial media in recent days argue that two developments are having an impact on precious metals prices – outflows from the world’s gold ETFs and a new crisis in Europe.

Given that the gold price has been rising sharply so far this week, it seems clear that only one of these developments is really affecting the gold price, however, that hasn’t stopped a well-known investment bank from predicting doom and gloom for precious metals investors.

24hGold - ETF Outflows, a New ...To be sure, gold as an investment in the U.S. has lost some of its appeal in recent months. This is due to a number of factors, one of the most important being the failure of the price to continue rising after the Federal Reserve launched new money printing efforts late last year.

Relative calm in Europe over the last six months has also dented demand for the metal as a safe haven, however, that situation appears to be changing rather dramatically since an election in Italy over the weekend.

We’ll get to that in a minute.

Not surprisingly, with broad equity markets rising steadily and with the gold market correction now in its 18th month, U.S. investors and traders have lost some of their interest in gold.

After reaching record highs late last year in anticipation of the Fed’s latest monetary stimulus, there have been large outflows from gold ETFs and this trend is shown below using the SPDR Gold Shares ETF (GLD).

[To continue reading this article, please visit Seeking Alpha.]

Data and Statistics for these countries : Italy | All
Gold and Silver Prices for these countries : Italy | All
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Tim Iacono is the founder of Iacono Research, a subscription service providing market commentary and investment advisory services specializing in commodity based investing.
WebsiteSubscribe to his services
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
100 Items That Disappear First in a Disaster
23 Markevthorne
68, 69 probably not that safe - particularly if you're growing your own vegetables - keep a Maine Coon cat instead: does the job automatically.
Farage Interviews Le Pen: “Prison of the EU”
21 Marneville
BRITANNIA RULES THE WAVES AND NOW BREXIT WAIVES THE RULES. GO FOR IT FRANCE AND RID YOURSELVES FROM THE CHAINS OF IDIOTS. NOT SIN...
How the Fed Operates — And Why It's a Problem
20 Marramasart
In a nutshell, the Fed facilitates the theft of the value of the dollar, as they can control the increase in supply which at the same time inverts ...
How the Fed Operates — And Why It's a Problem
20 Marneville1
With all due respects for outlining how the crooked american Fed works or should work. From all our research we find the following the Fed...
Sparta - Gold prohibition in a collapsing economy
18 Markevthorne
You've answered none of the authors points: your comment is flat rubbish.
America Too Broke to Fix Crumbling Infrastructure? “Bridges, Roads,...
16 MarCameron Waugh1
Just like the leaders of the Bolshevik revolution were not Russians, those formulating belligerent US foreign policy are not Americans, and they ha...
POTUS at SOTUS
16 MarDRGEORGE1
Try explaining that to my patients dying on public waiting lists or getting ripped off by exorbitant private specialist fees!
POTUS at SOTUS
08 MarS W.0
I don't know what hallucinogens Dr G is on but my experience, both working in, and using the health system in Oz is that it is very bloody good.!
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS