Deutsche Bank’s Lewis Says Gold May Rally Past Record on Crisis

We already know that gold is headed higher - much higher. Lewis suggested that ETF have and will play an important role in fueling the gold rally. What I found interesting about the article was not that gold ETF will play important role in fueling demand (no doubt) but rather composition of them. This comment is highlighted below.

Exchange-Traded Funds, known as ETFs, where gold futures make up 80 percent, are also having an “enormous impact,” he said.

Source: businessweek.com