Gold And Silver Bubble? - Some Retail Investors Taking Profits And ETF And COT Data Suggest Otherwise
2011-04-27 — zerohedge.com
``... the ETF holdings appear to show that ETF precious metal holders are "stickier hands" than had been expected as gold holdings look to have consolidated above the 64 million ounce mark... Total ETF gold holdings at 66.55 million ounces are worth nearly $100 billion at $1500/oz ($99,825,000,000). Total silver holdings of 498.914 million ounces price at $45.50/oz are worth only some $22.7 billion, suggesting that silver remains under-owned when compared to gold and could see a sharp increase in holdings in the coming months and years. ''
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