READ THE WORLD GOLD COUNCIL YOU CAN CLEARLY SEE ITS ONLY THE EFT THAT EFFECTED THE PRICE OF GOLD LAST YEAR NOT DEMAND . However now they are trading at 104 -1 with very little backing to short gold. This year should see gold return above 1500.Prices will improve on april 1 jp morgan generally short heavily the last week of the month.
2013 proved to be the year of the
consumer, with gold jewellery demand
close to pre-crisis levels and investment
in small bars and coins hitting a record
high. The result was annual gold demand
of 3,756.1 tonnes, valued at US$170bn.
However, outweighing the impressive
consumer demand were the effects of
ETF outflows and lower central bank
buying, resulting in 2013 demand 15%
below the strong volumes recorded
in 2012. Read more…
http://www.gold.org/sites/default/files/GDT_Q4_2013.pdf
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