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...
Category : Gold and Silver

[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
A North Korean EMP Attack Can Create 90+ Fukushimas in the U.S.
12 DecThe Recusant1
Setting aside the sensationalist fearmongering of the article, the fact is that the NRC requires U.S. nuclear power plants to be able to shut down ...
Six Ways US Stocks Most Overvalued in History
12 DecThe Recusant
The problem with the current massive indebtedness of countries is that the central banks are now creating fantasy currency to accommodate the finan...
The Flat Earth Society Responded To A Tweet By Elon Musk: ‘Thanks F...
11 DecS W.-1
Thanks for letting me state my opinion! Your comment is insulting. Try as I might I am yet to find any scientific evidence of AGW or the e...
Peter Schiff Warns Of CRASH: ‘Everybody Is Going To Get Wiped Out!’
08 DecThe Recusant
"Schiff also said no one knows when this is going to happen for sure, only that it will happen." Peter has been warning of the next crash for years...
Meet The World’s Most Powerful Bitcoin Backers
07 Decsonora69
Why run a business or work for one when you can mine bitcoins for the price of the servers and electricity? The higher the price of bitcoin, the mo...
What Now?
04 DecDoom
Mathematically, doubling down is an amazingly powerful strategy...until it isn't. http://professorconfess.blogspot.com/2017/11/doubling-do...
The Flat Earth Society Responded To A Tweet By Elon Musk: ‘Thanks F...
03 DecS W.
I put the Flat Earthers in the same category as those who believe there is a God, a Heaven and a Hell.
Whipping-Post Politics
02 DecMr. Gnawbone1
I couldn't agree more, Keillor's dismissal was a bridge too far, but it is reflective of the fear, by Boards of Directors across the US, guiding ...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS