china and gold , page-20

"What great news is going to stop the slide
I don't see any coming
Except if the jobs numbers go negative"

Sorry Collinchi but that's the same old crap the media and investment banks keep pumping out.
These guys only mention the negative effect of Western traders losing interest but Western traders/investors are not the largest buyers (China) or even the second largest (India).
So why is all the focus on the Western traders/investors as to gold price direction based on demand/supply? These guys have already sold around a third of their etf holdings. If they sell another 900t this year, they will be down to only 900t holdings from around 2700t at the peak. They are not the dominant buyers or sellers and they will not play a significant role on the sell side for much longer if they keep selling at last years rate. In fact this year they have not been significant sellers and the price has rallied since Dec's low near $1180 to $1285 now. Even these guys know (as a group) when the price is getting too low.