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Jeff Nielson: Bullion ETF shrinkage is good for precious metals sector
5p ET Monday, February 1, 2010
Dear Friend of GATA and Gold:
Jeff Nielson of Bullion Bulls Canada observes today that shrinkage in the bullion holdings claimed by exchange-traded funds is bullish, not bearish, for the precious metals, since ETF stockpiles are available for shorting. Nielson's commentary is headlined "Bullion ETF Shrinkage Good for Sector" and you can find it at the Bullion Bulls Canada Internet site here:
http://www.bullionbullscanada.com/index.php?option=com_content&view=arti...
Or try this abbreviated link:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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