less and less fractional gold covering the gld fund and its executives keep leaving in droves... is there causality?
a remarkable but little noticed development has occurred behind the scenes of the spdr gold trust (gld) over the last 3 years. this development concerns the very high level of executive staff turnover at world gold trust services, the ny based ‘Sponsor’ of the mammoth gold gld gold-backed exchange traded fund that is listed on the nyse.
for within the space of less than 3 years, world gold trust services has gone through 4 ceo's and 3 cfo's. by any standard this is a huge amount of senior executives moving through the roles, and would normally ring alarm bells in the corporate governance departments of major institutional investors. perhaps it has caused concern among institutional investors of the spdr gold trust (gld), but if it has, it has gone unreported.
source: http://www.zerohedge.com/news/2016-07-29/execs-flee-gld-revolving-door-spdr-gold-trust-sponsor
Musical chairs, no one wants to be around to take the blame. When the music stops, and whatever fraud they are committing comes out.
Keep up the great work @bonface
Upvoted
GLD is toast. Gold goes nuts after it's exposed (maybe 1500). Watch JNUG if you really want to speculate...
If what I'm thinking is about to happen in the next 6 month. Gold will be min $5000+! You have to ask yourself why did the COMEX after all these years decide to put trading breakers for it.
Hi! This post has a Flesch-Kincaid grade level of 10.3 and reading ease of 58%. This puts the writing level on par with Michael Crichton and Mitt Romney.