Wow, the SPDR Gold Trust ETF (NYSE: GLD) is up 23% year to date. The dollar is weak and inflation may rear it's ugly head. India just bought a 200 tons of gold! Should you follow? If you consider the approximate total supply of gold is 125,000 tons. They just bought two tenths of one percent. A lot, but hardly enough to move the market.
Wednesday, November 4, 2009
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