31 December 2013
SP 500 and NDX Futures Daily Charts - The Men Who Sold the World
"Whoever wishes to come with me, let them put aside their own selfish interests, and take up their cross, and follow me.
For whosoever wills to keep their life for themselves shall lose it; but whosoever puts aside their life for My sake, and that of the Gospel, shall save it.
What therefore is the profit in it, if you gain the whole world, but lose your self?"
Mark 8:34-36
Gold and Silver ETF Inventory Changes For 2013 - 942 Tonnes of Western Gold Gone
The drain of gold from the Western ETFs and Funds is apparent. About 942 net tonnes have been removed. This compares to the 856 tonnes that had been removed as of mid-December. That is quite a bit of bullion moving out in just a few weeks.
But even more notably, this is in sharp contrast to silver, which has had about 992 net tonnes added. On a percentage basis silver has had a worse price performance this year compared to gold, so ascribing this to investor preference seems a bit thin.
Category:
Gold ETF Drawdowns
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