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Gene Arensberg: Drop in GLD metal holdings is contrary bullish
8:30a HKT Thursday, March 14, 2013
Dear Friend of GATA and Gold:
Unlike many financial letter writers and journalists, the Got Gold Report's Gene Arensberg today again commits actual journalism and gets more politically incorrect than ever by detailing how the last major decline in the metal holdings claimed by the exchange-traded fund GLD was a contrary indicator in advance of a sharply rising price. Arensberg also notes that while analysts are crying doom for gold because of the falling GLD tonnage, the tonnage claimed by the silver exchange-traded fund SLV is rising -- without, of course, a peep of enthusiasm from the same analysts.
Arensberg's commentary is headlined "Previous Drop in GLD Metal Holdings Contrary Bullish" and it's posted in the clear at the Got Gold Report's Internet site here:
http://www.gotgoldreport.com/2013/03/previous-drop-in-gld-metal-holdings...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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GoldMoney Reduces Storage and Exchange Fees
From April 1 GoldMoney will be reducing by a third its storage fees on gold stored at all VIA MAT vaults to just 0.12 percent per year and halving the cost of storing silver with VIA MAT Switzerland to bring it in line with GoldMoney's silver storage fees at other vault locations: 0.49 percent per year as the standard fee and 0.39 percent per year for more than 50,000 ounces of silver. In addition, GoldMoney's minimum storage fee will be reduced to only 0.001 grams per month for gold, platinum, and palladium, and 0.001 ounces per month for silver. In April GoldMoney also will be simplifying and reducing its metal-to-metal exchange fees. For the full details of these significant fee reductions, please visit:
http://www.goldmoney.com/lower-fees-overview?gmrefcode=gata
