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Highest inflows of the year into gold ETFs

By   || May 12, 2010 at 18:35 GMT
|| 6 comments || Add comment

Trimtabs reports that $2.3 bln has flowed into gold ETFs in the last 6 trading days, the highest in a year.

Looks like every doctor, dentist and accountant is on board, a concern for the bulls.

As we’ve seen in recent weeks though, positioning data is not in and of itself a reason to buck the trend. The market has had record dollar longs for weeks but it just keeps chugging higher….

Gold is consolidating gains at $1247, essentially a record high.

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6 Responses to “Highest inflows of the year into gold ETFs”

  1. lilac on May 12th, 2010 18:40 GMT

    And Indian brides – it’s the season now isn’t it?

  2. hart on May 12th, 2010 18:43 GMT

    Yep June, I believe.

  3. tjs on May 13th, 2010 14:00 GMT

    Hi Jamie, is gold switching from EUR to USD or is this just a pause in recent action. Thanks AGAIN!!!

  4. Jamie Coleman on May 13th, 2010 14:14 GMT

    No special insight in gold, I’m afraid.

  5. tjs on May 13th, 2010 15:10 GMT

    Thanks Jamie , it seems to me that it jumps from one to another, but then the fact is I’m still new to this crazy and fanatic forex world!But again thanks for all your help not just to me but everyone!!!!!

  6. tjs on May 13th, 2010 15:14 GMT

    Even zz

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