GLD "Tonnes in the Trust" Increases by 46 Tonnes

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This dwarfs anything other than the second day of trading for the ETF back in November of 2004 which saw 50 tonnes added.

On Friday, the "tonnes in the trust" for the SPDR Gold Shares ETF (GLD) increased by an astonishing 46 tonnes, in what might be termed an "adverse reaction" to the many and varied government assurances that everything is hunky dory at mortgage giants Fannie Mae (FNM) and Freddie Mac...

This dwarfs anything other than the second day of trading for the ETF back in November of 2004 which saw 50 tonnes added.

The only thing that comes close are two 19 tonne additions, 20 days apart, back in January of 2006, an 18 tonne addition in November of last year, and 52 tonnes added over a period of five days last September, just as the credit crisis was piking up steam.

This brings the total "tonnes in the trust" to 702, also a new record high...

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