Die virtuelle Notenbank MUSS Gold verkaufen;
was noch ein paar Tage ganz heftig auf den Preis drücken müsste.
Emerald.
The big plunge in gold prices Wednesday was likely amplified by investors dumping holdings of the largest bullion exchange-traded fund.
StreetTracks Gold Shares (GLD - Cramer's Take - Stockpickr) saw redemptions of 21.51 tons of gold, worth more than $600 million, marking the biggest ever one-day decline in metal holdings for the fund, data from the firm showed.
Gold futures dropped over 3% at one point and reportedly caused order imbalances on the electronic exchanges, some traders say.
"How could it not impact on the downside?" asks Jon Nadler, a precious metals analyst at Montreal-based bullion dealer Kitco.
Current holdings of streetTracks Gold Shares total about 631 tons, or around twice the level held by Britain's Bank of England, and some observers say that the holding represents something of an overhang on the market.
