With continued uncertainty in key global markets, an enormous amount of money is flowing in and out of gold stocks as they consolidate this year’s huge gains.
From Jason Goepfert at SentimenTrader: Nearly $500 million has left the junior gold miners over the past week. This seems to be a reversal of an earlier record inflow to the GDXJ fund that we noted earlier this month.
A day apart, about $570 million flowed into the fund, then two days later about $520 flowed out…
To find out which company Doug Casey, Rick Rule and Sprott Asset Management are pounding
the table on that already has a staggering 18.1 million ounces of gold that just added another
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Goepfert continues: Both are well beyond previous record one-day flows, suggesting it was a single trader making the moves for whatever reason. Flows in that fund have been an inconsistent predictor, and the distortions caused by that trader (?) make it even less reliable.
The chart and commentary above are from SentimenTrader. To try a free 14-day trial of the internationally acclaimed work that Jason Goepfert produces at SentimenTrader simply CLICK HERE.
***KWN has now released the remarkable interview with the man who helps oversee $180 billion and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
***Also just released: James Turk Issues WARNING For Gold & Silver Bull Markets This Week, Also Covers Shrinkflation CLICK HERE.
***KWN has just released an absolutely jaw-dropping interview with the man who advises the most prominent sovereign wealth funds, pension funds, hedge funds, and institutional funds in the world and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
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