This could reverse very quickly – certainly if the trend that accelerated today continues – but they’re still adding tonnes to the trust over at the SPDR Gold Shares ETF (NYSE:GLD) in spite of a precipitous decline in the gold price in recent days.
After some rather large additions earlier in the month, three tonnes were added on Monday and then another three tonnes today, bringing the grand total to a new all-time high of 1220.15 tonnes, up over 100 tonnes since the last substantive sale in early February.
![[Most Recent USD from www.kitco.com]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
I don’t trust the precious metals markets anymore. Until the CFTC decides to do the simplest of actions and install position limits relative to that of other scarce commodities and removes the exemptions on position limits it grants to Goldman, JP and others, I don’t see how I can trust it.
I don’t trust the precious metals markets anymore. Until the CFTC decides to do the simplest of actions and install position limits relative to that of other scarce commodities and removes the exemptions on position limits it grants to Goldman, JP and others, I don’t see how I can trust it.
+1