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But we saved everything 🙂.
Eric Balchunas highlighted the volatility of the GLD ETF, noting its significant challenges over its 22-year history. At one point, the ETF experienced a dramatic 40% decline within six months, resulting in 33% of its assets flowing out.
However, since that period of turbulence, the GLD ETF has managed to attract about $30 billion in new cash, showcasing its resilience and the market's enduring interest.
The GLD ETF’s renewed appeal underscores persistent trends observed across precious metals markets, reflecting trading dynamics seen when gold reached a record $25 billion daily volume and silver approached $20 billion. Broader shifts in investor behavior are also evident, as highlighted by changing ETF inflows to low-fee options, suggesting a landscape that continues to adapt in response to evolving market challenges and opportunities.