is the gold bull over?, page-43

money rolling out of the ETFs will be taking physical if they can, (depending on the size of their holdings) and then others will be looking at getting exposdure to gold via the miners, could be the turning point has been reached now and Gold miners will be set to benefit form the shrinking in ETF exposure to gold,
eventually the only ones left in ETF's will be those trying to use is as a blunt tool to control the POG, just about the same time as comex or a similar entity defaults on delivery.