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Win us with honest trifles

GLD Gold Inventories since 2016

While gold trades at and above U$2k/oz, its appetite among the West’s financial players still hasn’t matched its new price deck. There’s still plenty of room to add tonnes to GLD’S coffers without making records:

Also and in the very-near-term, yesterday’s 1,063.28 metric tonnes close was some four tonnes lower than the day before, indicating how gold is being used as a temporary cash haven by Wall St, a source of liquidity for days when risk is back on.

1 Comment

    There are a lot of moving pieces with what could be a lot of Russian bars allocated to GLD. It will be interesting to see how this plays out. https://www.bullionstar.com/blogs/ronan-manly/us-tees-up-stop-russian-gold-act-triggering-lbma-and-comex-to-eject-russian-refiners/

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