Eric King: “Eric, what about the looting of GLD in 2013? Obviously we are not seeing that so far in 2014. What does that mean for 2014?”
Sprott: “Well, Eric, in fact we’ve had a couple of days when gold has (actually) gone into GLD. We are talking about 900 tons of gold that came out of the various ETFs (in 2013)….
“If you have any contrarian in your spirit at all, this (gold) is the most contrary bet you can ever make. It would be most surprising as the year unfolds if we get buying in the (ETF) GLD.
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