Best Day For Gold Since September 2013

Following a heavy volume flush and reversal around midnight ET, gold prices surged today.

Following a heavy volume flush and reversal around midnight ET, gold prices surged today. The 3.3% rally is the best day since September 2013.

Best day in 14 months...

With a big flush reversal overnight...

With GOFO at its most negative since 2001... indicating 'scarcity' of physical gold among institutions

And ETF holdings slammed back to levels first seen in March 2009...

Charts: Bloomberg

STOCKS IN THIS ARTICLE

Comments