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The Summer Gold Rush... PDF Print E-mail
Written by McClellan Financial   
Monday, 15 August 2011 01:00

....pulls Money into Gold ETFs

GLD_Assets_Aug2011

The "flight to quality" mood that has pushed gold up to $1800 in August 2011 has caused a lot more people to get interested in gold. And it has sucked a lot of money into GLD and IAU, the two biggest gold bullion ETFs.  When we see a big surge of assets invested in these ETFs, it can be a useful indication of invesetor sentiment about gold generally.

 
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