Gold ETF Holdings Drop For Record 28 Straight Days

While demand for physical gold is soaring in India and China (with premiums near record highs)...

 

Bloomberg reports that the last time ETF investors were net buyers of gold was the day Hillary Clinton conceded victory to U.S. President-elect Donald Trump. Holdings have dropped for 28 straight days, the longest run since the ETF's creation in 2004.

 

Investors have slashed holdings by 11 percent to about 1,787 metric tons in the period, exacerbating a decline in prices...

 

But as financial conditions deteriorate once again, gold has decoupled (for now)...

 

And finally we note that as Bitcoin soars, it feels like deja vu all over again from late last year...