Tuesday, February 09, 2010

 
 
 

 
 
 
 
 
The surest sign of an overheated gold market
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Wednesday, June 10, 2009
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From Trader's Narrative:

As gold bullion made a third attempt at the round number $1,000 there is a rush to feed a seemingly insatiable demand for gold securitization: (chart in link below)

The most recent related IPO was the Claymore Gold Bullion Trust (CGL.un) on the Toronto Stock Exchange. Claymore is a small but innovative Canadian based asset manager and they've created a unique product.

...The Claymore Gold IPO was oversubscribed ($460 million Cdn) with over half being taken by large institutions... In the end, I can't help but remember what we should have learned long ago: Don't Buy What Wall St. Sells.

Read full article...

More posts on gold:

Short gold now

The greatest gold story of all time

The right amount of gold you should own

Topics: Gold | Commodities
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