**Must Read: Goldman Starts ETF Tsunami

"Since the middle of August, +$3.3bn has been added to Gold ETFs"

The Western Tsunami Starts

Now it all makes sense.

If the other recent bank analyses covered here (CITI, MUFG, GS, BOA, and UBS) were setups for American ETF flows , then the brief comment attached by the GS equity desk Friday opens the flood gates.

This is the same desk that recommended buying Silver call spreads last week. This time Goldman’s Equity side just recommended Gold outright to millions of non-Gold holding clients as their competitors (linked above) had hinted at doing the last few weeks.¹