by Jeff Nielson, Bullion Bulls Canada:
It’s been a while since I’ve added to this thread, mostly because there has been a LOT of huffing-and-puffing over the past few months about buyers returning to the Banksters’ paper-fraud funds in the gold market.
It turns out this was all lies:
…Global holdings in exchange-traded products have fallen to around 2,027 metric tons, around the low from May 2010, according to data from Barclays. The record was 2,768.16 tons at the start of the year.
Outflows for October so far are around 34 tons, surpassing 25.7 tons in September and 17.9 in August, said Suki Cooper, vice president and precious-metals analyst with Barclays. Holdings in the world’s largest gold ETF, SPDR Gold Shares (NYSE: GLD), are at their lowest level since February 2009, Barclays added.
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