A positive gold price action this month is supported by gold bullion inflows into GLD and IAU.
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).
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 any investment or trading approach to the markets. Trading and investing can be hazardous to your wealth. Any investment decisions must in all cases be made by the reader or by his or her registered investment advisor. This is strictly for educational purposes only.
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