Loading ...CoinGuy – would like to think that the SM is in some serious trouble here but it is continually propped by a headline here or there, which the algo’s jump on and turn guys like Gartman from bears into bulls overnight. As you say though, Old Habits Die Hard…. 🙂
Ipso, Maddog – Honestly, I’m wondering if there’s even 10% of unencumbered gold in GLD. I have my doubts. It wouldn’t surprise me if they replaced the physical with some sort of rotating futures that they add to the funds fees.