ForexPros.com, in its October 30, 2012 article, reports that Gold ETF Holdings are Not Moving Despite Price Weakness.
Extract :
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Gold held across the major ETFs rose to a
new record last week, despite the ongoing price correction following the
recent rejection of USD 1800. According to data compiled by Bloomberg, the
total holdings reached 2,585 metric tons as of last Friday. The main driver
for the recent sell-off has come from leveraged speculators in futures, which
for a second week in a row reduced their exposure last week according to data
compiled by the US CFTC.
From a recent peak of 759.8 metric tonnes, the futures and options exposure has now been
reduced by 16 percent to 637 metric tonnes, some 70
percent of July 2011 peak, which begins to leave traders room to rebuild
positions once support has been re-established.
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