Making gold’s recent woes all the more concerning is that September is usually a good month to own bullion. Gold’s average September gain over the past 20 years is about 3%.
Even with gold’s struggles, some investors are sticking by silver. The iShares Silver Trust (NYSEArca: SLV), the largest silver ETF, added $35 million in new assets last week.
SPDR Gold Shares
Tom Lydon’s clients own shares of GLD.