• "Spreading the ideas of freedom loving people on matters regarding metals, finance, politics, government and many other topics"

Scorpio

Hunter of Chin Li's Boo Hoo Flu
Founding Member
Board Elder
Site Mgr
Midas Supporter ++
Joined
Mar 25, 2010
Messages
33,912
Reaction score
50,880
We have been thru the demand charts showing the exiting of etf's from the metals markets, this shows a reversal of that trend. Positive development.

Commerzbank: Two-Day Inflow Into Gold ETFs Most Since 2010


Tuesday February 23, 2016 09:21
Gold continues to flow into exchange-traded funds at a hefty rate, says Commerzbank. Analysts note that holdings in gold ETFs tracked by Bloomberg rose by another 24.4 tonnes Monday. “Inflows amounted to around 50 tonnes within two days; this is the sharpest two-day inflow since the Greek crisis first flared up in May 2010 and equates to roughly six days of global gold-mining production,” Commerzbank says. Since the beginning of February, more gold has flowed into the ETFs than was withdrawn all of last year, analysts continue. “This puts total holdings at 1,665 tonnes, their highest level in nearly a year,” Commerzbank reports. “ETF investors, who are generally regarded as having a longer-term horizon, clearly view the current price level as an attractive opportunity to buy. The high ETF purchases should lend further support to the gold price, in our opinion.”

By Allen Sykora of Kitco News; asykora@kitco.com

http://www.kitco.com/news/2016-02-23/Commerzbank-Two-Day-Inflow-Into-Gold-ETFs-Most-Since-2010.html
 

southfork

Mother Lode Found
Mother Lode
Site Supporter ++
Joined
Mar 31, 2010
Messages
17,111
Reaction score
16,683
Paper gold flows into a paper etf.
 

Scorpio

Hunter of Chin Li's Boo Hoo Flu
Founding Member
Board Elder
Site Mgr
Midas Supporter ++
Joined
Mar 25, 2010
Messages
33,912
Reaction score
50,880
Last time that ETF demand picked up south, we were at 2000 gold by the time they pulled back,

Paper or no paper isn't what we are speaking to. It is the 'presumed' demand from greater fool theory. We will take it, wherever it comes from.