from King World News
With continued consolidation in the gold and silver markets, a tidal wave of money is flowing into the Gold ETF GLD and gold stocks.
From Jason Goepfert at SentimenTrader: “The biggest fund inflow over the past week was in the gold fund, ETF. It took in more than $1.6 billion, which is among its highest in the past five years (see spike on far right hand side of the chart below).
[…] This hasn’t been a perfect contrary indicator, but extreme fund flows in the funds have been more of a contrary guide than not, suggesting a headwind for the metal from here.
King World News note: We also continue to see strong money flows into the GDX Gold Miners fund (see chart below).