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Reply to "I told you to buy gold months ago"
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[quote=Anonymous]Who knows what will happen to gold on Monday. But keep in mind that this drop occurred at the end of the month after a month of huge gains. That is important because ETFs and Mutual Funds and other vehicles need to maintain targets so at the end of the month they rebalance. Take a simple example. A 1 billion dollar fund has a target of 15% in gold. On January 1, that was 150 million. At the end of January, that was 180 million. Depending upon what the other assets in the fund did, they need to rebalance to achieve their 15% target. That meant selling a lot of gold. Now multiply that by hundreds or thousands of funds that have to engage in the same rebalancing.[/quote]
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