gld lost another 4.5 tons, page-29

RB & Skol on etf's: there are plenty of others

That implies the 850 ton held by gld is the tip of the iceberg. So I decided to check. This is from Forbes for end Oct:

Global holdings in exchange-traded products have fallen to around 2,027 metric tons, around the low from May 2010, according to data from Barclays. The record was 2,768.16 tons at the start of the year.

So the bears are once again trying to con us with untrue and unsubstantiated statements

But I will give credit that it seems a 700 ton sell off has destroyed the market. If you believe the market is supply and demand. But to me that does not pass the sniff test - if we believe published china and India imports

So I am of the opinion the sell off is more than 700 ton and is boosted by west central banks leasing gold. But either way you look at it a reversal must occur. If etf's buying 700 ton from May 2010 caused an explosion in price then it should again. Is this 700 ton so important to price?

Amazingly the 2000 ton $1200 price combo of now matches the May 2010 data. So if we sell another 700 ton I guess we will see under $1000 price. If etf's buy back the 700 ton then price will be $2000

Interestingly. If the price falls to $1000 I think we lose $700 from global supply over a couple years

Now this is all supply and demand and cost of supply. But let us say the central bank leasing is the culprit. Hmmmm? How much do they own? How much can they lease?