Shed no tears until seeing the coffin.
Shed no tear until seeing until seeing grand grandmother
But speculators have not bought any yet, Short not cover yet, GLD holding still about 800 tons and almost no change. small investors just sold off and just obey GS instruct.
Chinese buying gold, Paulson bought gold, hedge fund bought gold, even gold stock fund, FSAGX bought gold too. Only small investors had sold off their position in GLD.
Gold go to $1330 and stand on there. The gold short must be regret and suffer badly now!!!
Who can fill the Chinese appetite for gold ?
my mistake, 10 shares for one ounce, so it should be about 1.3 billions, about 3% of GLD
That is about $13 billions in value, more than 1/3 of GLD total value?
Total 2167 tonnes of gold delivered in 2013.