More matter with less art

Gold still failing to catch a bid on Wall St

Gold’s up and doing nicely this year, but you wouldn’t have known it by the way the world’s biggest gold bullion ETF (by a long way), GLD, has been acting:
NB: Please note the cut down Y-axis; not trying to fool you, just making the data easier to read
Today’s inventory tonnage (793.03mt) is the lowest in 2019. There’s obviously a price driver to the metal, but it isn’t the Wall St. jocks and some sudden love for the safe haven qualities of the monetary metal. Not yet, anyway.

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