ETF Outflows Dominates Strong Physical Gold Demand
The outflows from the gold exchange-traded funds this year are overshadowing a strong physical demand, says a gold strategist and an ex-director of the U.S. Mint
The outflows from the gold exchange-traded funds this year are overshadowing a strong physical demand, says a gold strategist and an ex-director of the U.S. Mint
Reuters reported that Van Eck has filed with the U.S. Securities and Exchange Commission to launch two gold and silver ETF's.
In spite of the steady climb in gold’s spot price since the beginning of 2011, the overall share price of gold mining companies has not followed suit, particularly in the majors. Gold is up about 4.6 percent since January while gold mining stock indexes have shown a drop of as much as 10 percent.
ETF Securities USA LLC announced that total assets for its US projects are worth over $4 billion.
ETF Securities announced that it has launched another First-to-Market ETF product. ETFS Physical Asian Gold Shares (AGOL) is the first US precious metals product to be vaulted in Asia.
ETF Securities USA LLC announces that the total assets under management of its six products now exceed $3.5 Billion as of January 4th, 2010.
Overall, the gold price is up 11 percent in the last three months, and over the last year the spot price is up by 24 percent. The price of physical gold has outperformed most other major asset classes following the global financial crisis, appreciating by approximately 67 percent while equity markets, are still in negative territory.
Knowing where to look for the best returns has a lot to do with understanding the “when” of the business cycle and how to take advantage of the situation as it presents itself.
Goldseek.com reports GDXJ made a key breakout in September and continued to soar into early November.
ETF Securities USA LLC (ETFS) announces that the total assets under management of its five products.
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