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Tuesday, 01/17/2017 10:53:17 AM

Tuesday, January 17, 2017 10:53:17 AM

Post# of 19381
I was reading an article that said since our recent bottom in the gold price @$1124 that the buying into the GLD ETF has been fairly low to this point. That would indicate that investors are buying more physical, instead of paper gold.

The author of the article was making the point that GLD is the main driver of the gold price, so at some point when buyers come back into GLD in a big way that the gold price should really take off.

Was looking at the chart and we have come off the GLD bottom of around $107 to today's price of $115. The 52-week high looks to be in the $130 range back last July.
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