gold ETF/s have risen to such highs of Au held in storage ,with very good prices ,so that like any investment profits are being taken by the largest holders who also are by and large highly leveraged.
Some of these funds hold over 1k tnnes of Au so when selling starts there is a mad rush for the exits(leveraged gold bugs are extremely greedy)which dumps Au on the market and short term totally distorts the market,this is a new phenomenon but also a predictable reality--the next wave of buying has already started --buy gold shares.
