Gold ETF holdings up 2.31 tons overnight hitting a new high for 2016 and reaching the highest level since May 2013.
The Silver ETF holdings reached an all-time high on September 27, 2016 at 20,837 tons.
Surprisingly, all this is happening as the dollar index strengthens, trading just below the 98 price level.
Some financial advisors claim that they believe a .25 point rate increase is in the market already and the if the FED decides to raise rates it will be a one and done event.
I still see no data to support a rate hike.
Nonetheless, more and more people are diversifying their portfolio to include gold and silver.
How about you ?
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