tooli,take a look at last quarter's WGC stats on gold demand (I...

tooli,
take a look at last quarter's WGC stats on gold demand (I am looking forward to the next issue). The last report showed that industrial use ,and the traditional jewellery markets were in sharp decline and only partially replaced with investment buying from ETFs and the like. Now we are starting to see outflows from ETFs also, where is the next wave of buying of the physical metal going to come from? Or has it already become a mere "paper trade" for Western speculators betting on QE via derivatives?

I suspect it has, but still can't rule out the combined financial might of the banksters being able to pump it to a new level before it collapses. So just a light short for me for now, until the technical levels give way.