Gold Bullion Flowing Into Private Hands
A positive gold price action this month is supported by gold bullion inflows into GLD and IAU:
(Click on image to enlarge)
source: Simple Digressions
On the other hand, two big silver holders, SLV and JP Morgan (its COMEX warehouse) have delivered mixed signals up to June 7:
(Click on image to enlarge)
source: Simple Digressions
As the chart shows, in June JP Morgan has added 1.6M ounces of silver but SLV reports the outflows of silver (1.4M ounces).
Disclaimer: This article is not an investment advice. I am not a registered investment advisor. Under no circumstances should any content from here be used or interpreted as a recommendation for ...
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