Are they trying to liquidate the position?Would explain the daily declines, uncorrelated to gold prices.
Doesn't make sense though. It's a tiny position for them - sized more like a boxed short than an outright long.
Are they trying to liquidate the position?IMO, yes.
This is what happens when you get crazy Indian PMs liquidating on a whim.The ~ 500k shares per day isn't nearly enough to get out of a 7m share position. Wonder who else is buying from Libra.