Anyone that thinks the above article is good news for gold just...

Anyone that thinks the above article is good news for gold just doesn't understand the current state of play.
There are two areas of concern here.
First is the Hedge Funds are particularly fickle when it comes to investments. What they do with the left hand in the open they often use the hidden right hand to carry out their sting. Don't be surprised if they setup a massive short position some time in the future and at the appropriate time, dump all their gold holdings at once.
Secondly the investment is in an ETF. An ETF is like a claytons beer. In all appearances it looks like the real thing. But an ETF is not the same as investing in gold. While your stock might track gold, it might even be backed by gold but it is not gold. You can never front up at an office and collect the bullion equivalent. More importantly, SPDR make a big show of announcing their position in gold. But they are more secretive about the actual gold. Their position includes bullion that might be stored anywhere and might include leased gold. Technically gold, but easy to unload and no one really knows how many times a private or public holder of gold leases their holding because leasing means never having to deliver! It's a ponzy scheme by another name.
Don't factor your plunge into gold on this latest hedge fund buying. If these guys where serious they would have gone out and bought the real thing and stored it in their own warehouse. Nope, this is bullish for gold and not at the same time IMHO.