Going Down another Rabbit Hole :

Joke: Whats a rabbit hole >?

It’s a hole in the ground with no bottom and Sir Patrick on Top

🙂

This ratio should not fluctuate much …It looks like and EKG

BUT today it looks like it blew up

But Recently it Blew Down

The pulses are of a much higher amplitude since the beginning of march

And Now Sir Patrick will explain to the class what this means

🙂

Actually this Perf Chart shows this and the explanation may be simple.

https://stockcharts.com/freecharts/perf.php?$GOLD,GLD

$Gold is Not the Spot Price it is the Continuous Future Price ( ie the near term futures price)
GLD tracks Spot

$Gold is $1752

Spot Gold is $1682 at the moment

$70 difference

How does GLD affect the Spot Gold Price ?

Here is an old post which explains it …I just updated the GLD Holdings too

It should rise as Gold rises

https://goldtadise.com/?p=423074

How much Gold does GLD have in it’s vaults ?

And How much is it “worth ” ?

Total gold in trust
Tonnes
994.19
Ounces
31,964,212.62
Value US$
53,715,616,707.47