I’ve been reading, thinking, on how the gold ETF’s have changed the supply-demand dynamic of the gold market. And there is the contrarian view that now everybody loves gold; it is over-hyped, spun up by the media. So we got a potentially fickle mass of gold hoarders, who now weld a big club.
You see the real problem is the vicious efficiency by which fickle masses can turn against gold, and through the ETF’s, quickly dump HUNDREDS of tons of gold onto the markets in a matter of….weeks? days?
SPDR Gold Trust now has something like 1200 tonnes in storage.
