GLD Inventory-to-Price Ratio Is at a New High

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...Is this significant in any way?...It certainly is an indication of the increasing popularity of the fund that, as indicated by rising ratio, has not shed bullion as quickly as prices have tumbled recently...Tim Iacono

The inventory data at the SPDR Gold Shares ETF (GLD) continues to provide interesting clues as to what's going on in the gold market, the latest development being the ratio of GLD inventory-to-gold price reaching a new all-time high at 0.806.

What's interesting about this?

The old high was September 13th, 2007, about a month after the credit crisis began and just a few days before the first half-point rate cut to the Fed funds rate.

Is this significant in any way?

Dunno. It certainly is an indication of the increasing popularity of the fund that, as indicated by rising ratio, has not shed bullion as quickly as prices have tumbled recently...

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