Sunday, 18 December 2011

Gold ETF gains in Australia but gold miners tumble

I sold my ETF shares on Friday and kept my BlackRock Gold and General units (although I couldn't have sold them as I have to put in the sell order before 8am).

Early trading in Australia isn't casting a warm light on the decision. Not only is ETF Securities' Australian gold ETF (GOLD) up more than  1%.

Newcrest Mining, the largest holding (8%) of BlackRock Gold and General is down nearly 3%.

(Google chart link)
(Bloomberg dollar index)
(BullionVault spot gold chart)
The week before Christmas could feel like a long one!

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