2.3 Million Share Buy of GLD – Roughly $255 Million | Rapid Trends

2.3 Million Share Buy of GLD – Roughly $255 Million

At approximately 3:10 PM on March 2nd, someone bought up to 2.3 million shares of the GLD Gold ETF, with prices starting around 111.20 per share.

This translates to roughly $255 million in one go.

I guess institutions are starting to get serious about this gold thing.

gld-2.3mil-shares-buy

UPDATE

Several readers have pointed out that this must be some kind of fluke, as this volume spike does not appear via other trading platforms.

Thanks to our readers who pointed out the discrepancy!

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This entry was posted on Wednesday, March 3rd, 2010 at 11:16 am and is filed under Archived. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “2.3 Million Share Buy of GLD – Roughly $255 Million”

lol Says:
March 3rd, 2010 at 7:31 pm
weird, scottrade has completely differen numbers what time interval are you using?
FG Says:
March 3rd, 2010 at 8:18 pm
Must be some sort of data fluke with your Ameritrade chart… Other sources do not show this kind of volume…
Alex Stanczyk Says:
March 4th, 2010 at 11:19 am
FG and lol. thanks alot for pointing out the discrepancy – great thing about having your participation is being able to quickly nail things that are not correct.

If you guys have copies of your charts for those time frames and feel like emailing them to me Ill be happy to post them – alex@rapidtrends.com

All the best,
Alex

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