Huge short squeeze developing?, page-11

Daytr

There is too much speculation and here say in this conversation. So I went and looked up some industry data for a reality check.
http://www.gold.org/sites/default/files/GDT_Q1_2014v5.pdf

According to the World Gold Council, demand slightly down, year-on-year and supply slightly up. But these shifts aren't statistically significant. That is entirely consistent with the sideways, range bound market that we are currently stuck in, and doesn't point to an imbalance that might produce a sudden sharp rally.


Afterthought: My every instinct screams at me to distrust the WGC. Surely an industry peek body with a mandate to promote gold is going to dodgy up the numbers and skew the analysis! If they do rig their numbers, I can't pick it and accepting natural gaps, (banks will never disclose position information), their analysis seems consistent with the data, rather than the interests of their obvious constituents.