GLD tonnage up yet another 6 tons!
893.92
Why I post these reports: Trader Dan first observed that GLD tonnage does show a galloping global demand. Some comments I’ve received have asked why I’m investing in GLD. I’m NOT. I’m fully loaded with Spock Rocks (and urge those not on board to join before it’s too late). I check for these GLD numbers daily and will continue to report on the tonnage.
For your interest: In April or May (can’t remember which), the tonnage dropped to just over 800 tons. Now it’s pushing 900.
Dan has Charts that shoW the correlation with GLD Tonnage and The Price of Gold is near 100%
Thanks for these updates Cedarwood
I know I know GLD is NOT real Gold…its paper BUT when there is western demand for Gold many hedge funds and BIG Players buy GLD Gold and NOT PHYS…but the effect on the market is the same…up