Gold Demand Causes Halt in ETF Share Issuance

Gold ETF Market Breaks: BlackRock Suspends ETF Issuance Due To "Surging Demand For Gold"

Issuance of New IAU (Gold Trust) Shares Temporarily Suspended; Existing Shares to Trade Normally for Retail and Institutional Investors on NYSE Arca and Other Venues

iShares Delaware Trust Sponsor LLC, in its capacity as the sponsor of iShares Gold Trust (IAU), has temporarily suspended the creation of new shares of IAU until additional shares are registered with the Securities and Exchange Commission (SEC).

This suspension does not affect the ability of retail and institutional investors to trade on stock exchanges. Retail and institutional investors will continue to be able to buy and sell shares in IAU.

Gold and silver miners cheap relative to gold and silver

Junior gold miners ETF could rally 100% and still not reach the relative price levels seen in early 2011. The big miners (GDX) could stand to rally 50%, while silver miners (SIL) could pop 30%. This is all based on the recent past: GDXJ and SIL have less than 3 years of history. This shows how undervalued the sector is, as the past three years of data ignores the peak levels hit at the top of the financial bubble.