GLD’s holdings fell below 1,000 tons on Wednesday for the first time in four years, according to Reuters.
On Wednesday, a huge trade in the $8.2 billion iShares Gold Trust (NYSEArca: IAU) caught the attention of ETF traders late in the session, according to Dow Jones Newswires. “One block of 1.4 million shares hit the tape at 3:50 p.m,” it said.
SLV, the silver ETF, has fallen even harder in 2013. The fund was down 30% year to date as of Wednesday.
Full disclosure: Tom Lydon’s clients own SLV and GLD.