gld lost another 4.5 tons, page-41

Harvett and RB.

I am very interested in the large volume and percent of retail / private buyers and sellers of gold. According to both of you, they far, far outweigh all other demand.

Now, I am interested in the 'press' that tells me the private / retail demand is through the roof. Am I being lied to?

If it is true that retail / private have 70% of the market and 35,000 ton, and they are wanting to sell... well, one can see what will happen to the price of gold.

But, interestingly, that is all (selling) based on mood. It is reasonably dangerous, it seems, to be a gold fundamental buyer (me!).