"the beginning of the end for the gold shorts", page-10

Well said Pisces,

People explain away their ignorance using various excuses, including conspiracy theories.

Remember Texas University buying gold a year or two back? Remember Dub and Parrot posting that their buying was a tipping point, which would send gold into the stratosphere?

Well guess what, in the three months ending February 2013 this Texas Uni fund SOLD 1/4 of its bullion. And guess what they mainly bought with the proceeds? Equities!

Now extrapolate what this fund has done to all of the other buyers of bullion since 2008 in particular, but also 2000 when the bull market started.

If just a few of these buyers also sold 1/4 of their holdings, running into the hundreds or even thousands of tonnes collectively, of course the price will crash. And that's exactly what I think we've seen.

The evidence from recent futures/spot price data suggests that bullion has been coming to market during this collapse, make no mistake about it. I also think prices overshot to the downside as evidenced by the whiplash of global retail buying in recent days

http://www.bloomberg.com/news/2013-04-24/texas-university-fund-sold-375-million-in-gold-bar-holdings.html

Rowingboat