IKN - GLD bullion holdings. Quote:
Interestingly the holdings of bullion in the biggest gold ETF, SPDR Gold Shares (GLD), are some 20 tonnes lower than this time last month despite the recent pop in gold.And yet since 3/28, gold's still been going up.
That means someone's been buying it besides Whitey. To the tune of more than 20 tonnes.
What happens when Whitey decides to switch sides and quit fighting the price, do you think?