| Gold futures drop sharply & Crude oil futures plunge |
| Saturday, 26 June 2010 02:50 |
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Keith Springer President of Capital Financial Advisory Services in Sacramento California provides analysis Dow Jones report Gold futures drop sharply & Crude oil futures plunge
"As of the end of 2009, Paulson & Co. was the largest institutional holder of the SPDR Gold Trust (GLD)-the world's largest physically backed gold exchange-traded fund-with 31.5 million shares valued at $3.38 billion," according to Dow Jones reports. "Revelations of the hedge fund's involvement in the dispute between Goldman Sachs and the SEC raise questions about a factor that's helped drive gold to record-high prices above $1,200 an ounce-Paulson's high-profile bets," Dow Jones continues. "The SPDR ETF buys gold off the market to back shares that are designed to track the price of the commodity. When holders sell their shares, gold comes back on to the market." "The bull market might be a false bull market in gold," said Keith Springer, president of Capital Financial Advisory Services in Sacramento, Calif. Check out the full article http://www.keithspringer.com/article105.htm To view more media interviews visit www.KeithSpringer.com and click the "Keith in the Media" link, email This e-mail address is being protected from spambots. You need JavaScript enabled to view it or call (916) 925-8900 Keith Springer is an SEC Registered Investment Advisor who frequently provides commentary and analysis for various global and national media outlets. He has developed a proprietary process for successfully building tax-efficient retirement portfolios and has been providing specialty wealth management services for over 25 years. ### |