Crossing $1400

Get up on your feet, yeah
Step to the beat
Boy, what will it be?
--Madonna

Gold touched $1410 overnight before backing off a few bucks this am. Last Friday the SPDR Gold Trust (GLD) added more ounces than any day in the past 10 yrs.

SPDR Gold Trust (GLD) adds 1.12 million ounces (35 tonnes) today. Biggest 1-day inflow since Feb. 2009... pic.twitter.com/B65bugMykC

— Eric Pomboy (@epomboy) June 22, 2019

Market participants are beginning to take notice. Let's see how the metal behaves now that gold has crossed the 1400 mark.

position in gold