TrimTabs Investment Research said on Wednesday that the net inflows into gold ETFs are the highest in 12 months. Last Thursday during the near 1,000-point plunge in the Dow Jones industrial average, gold ETFs saw net inflows of US$1.1-billion, TrimTabs said.More than a billion for bullion in a day. Soon, it'll add up to real something.
Thursday, May 13, 2010
Inflow Into Gold ETFs Over Last Six Trading Days Reaches $2.3 Billion
The reporting of tonnes' inflow into the SPDR Gold Shares Trust (GLD) is pretty antiseptic; the Finanacial Post has put a dollar figure to the flood. In the last six trading days, US$2.3 billion has headed into GLD and its likesakes: