As for gold ETFs, we track them live here.
Thursday, May 5, 2011
The stunning collapse of silver and gold ETFs: AGQ off 50%
We had been posting about the QGQ silver ETF. Today it is off 17%. In the last week, it is off a stunning 50%!
As for gold ETFs, we track them live here.
As for gold ETFs, we track them live here.
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This chart should be no surprise to veteran commodity traders, nor to those who set aside emotion and understand the movements of markets. Nor does it invalidate in any way the basic premise that silver and gold are the hedge of last resort. Markets should be thought of as traps to take away the cash of the unwary. This looks to me like a great bull trap. But in the big picture, I remain a bull.
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