Just saw that the gold ETF $GLD had a massive outflow of nearly $3 billion yesterday — reportedly the largest daily outflow in the past ten years. Quite impressive when you look at it that way.

Traders seem to be reconsidering their gold positions right now. Probably due to the changing economic situation. When so much capital flows out of an ETF at once, it indicates that the sentiment in the gold market is currently shifting.

It's interesting to observe how quickly investor sentiment can change. Let's see if this is just a short-term reaction or if there's more behind it.