Thinkg about GOLD ETF admin cost drag!
Basel III has not lead to substantial vol in gold. Will the paper market dry-up?
In fact, given the current bull run I would either be short for a spec trade down to the kneck line (drawn on closing prices) , check-out the 1,700 level on the futures for a possible trend continuation.
What we might find is that with paper gold drying-up market liquidity dries up, bid-offer spreads widen and GOLD ETFs come under administrative cost pressures.
That could be an ETF admin risk and short!
In fact, given the current bull run I would either be short for a spec trade down to the kneck line (drawn on closing prices) , check-out the 1,700 level on the futures for a possible trend continuation.
What we might find is that with paper gold drying-up market liquidity dries up, bid-offer spreads widen and GOLD ETFs come under administrative cost pressures.
That could be an ETF admin risk and short!
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