….pulls Money into Gold ETFs

The “flight to quality” mood that has pushed gold up to $1800 in August 2011 has caused a lot more people to get interested in gold. And it has sucked a lot of money into GLD and IAU, the two biggest gold bullion ETFs.  When we see a big surge of assets invested in these ETFs, it can be a useful indication of invesetor sentiment about gold generally.