The GOLD is now below a 1000ton. As predicted Bloomberg has an article describing it backwards. They have said there is no more need to hold gold as evidenced by the outflow from the GLD. I say what the &^*%$ big outflows from the GLD mean that physical GOLD is being taken in delivery and more people are seeing gold as a safe haven for their money. This price fall in GOLD is just the paper market, I don't blame people for not trusting a PAPER GOLD market, especially since the DISCLAIMER on the COMEX.
This is the best thing the U.S. could have done for PHYSICAL GOLD, I hope they sell the ETF to 100usd then we can take whats left in the COMEX home.
