There’s Something Strange Happening With GLD Inventories

By Otto Rock

It’s goldbug tinfoil hat time at IKN, because this is weird:

After running up the way it has recently and right in the middle of a period of intense market turmoil, just the type of action that makes gold safe haven strategies attractive, gold inventories at GLD have stalled at 856.89mt and stayed right there for nine days running. That’s also just under the record since Trump came to power. Parrot required:

Regular readers know that IKN doesn’t jump quickly into conspiracy theories and blather about Bildebergs and “THEM!!!”, but your humble scribe is also keenly aware that markets get rigged from time to time. There is something amiss here, it’s not as if gold should be ignored at the moment. Data from here of course.

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