Gold is going to be a very glittery anus ornament some day.
Discussion
I don't pay much attention to gold, is the -15M in flows from Gold miners statistically unusual? Obviously the inflows for BTC ETF is higher but I'm curious if there's actually a big gold exit happening. $15M is peanuts.
There are outflows. Presumably, to BTC ETF's. But, surely, that IS speculation 🙄
I mean, Gold..
So precious it is, is being sold at Wal Mart and Costco at SPOT. So there is that?
I guess evolution and natural selection dynamics are playing out here, and eventually it may be on sale at the dollar store as not a mere artifact of a dark time in human history- but a memento of the dawn of a new beginning.
(Probably on its own roto shelf beside the gift cards).
Yeah it would be really interesting to see the correlation of flows graphed out since January.
Can't wait for the first 12 months post ETF launch. I hope you're positioned to have life changing wealth this run. 🤝
Sorry just re-read.
For gold that's a 15m OUTFLOW, not inflow.
This week: 20m inflow total for Gold. On the WEEK.
BTC?: 1.8bn in flow on the week (ETFs)