STUCK WITH A POT FULL??? BEG LOUDER??? THEN DEMAND??? FROM AN ARTICLE OUT TODAY...
Gold's first-quarter rally was staggering: It was the best quarter for gold in 30 years. The State Street Global Advisors' $33 billion SPDR Gold Trust (GLD (NYSE Arca: GLD)) took in $7 billion, more than outweighing all it lost in shareholder redemptions in 2014 and 2015. Gold is up 18 percent year-to-date through April 12.
So what's next for the wise investor? After another few days of risk-on equities' rallying, is it time to take profits in gold? Or follow Warren Buffett's advice, repeated in various forms over the years, to steer clear of the precious metal?
George Milling-Stanley, head of the gold strategy team at State Street Global Advisors, thinks the first quarter move into gold was not hot money and is sustainable.
"We think most people were dangerously underweight gold or out of the market altogether," Milling-Stanley said in a recent interview with CNBC, conducted at the end of the first quarter's unprecedented gold run.