GLD Sheds More Gold

by Dan Norcini
Trader Dan

Around 2 1/4 tons to be exact. The total reported gold holdings in GLD are now at 815.72 tons.

That is a drop of 8 tons over the last 5 trading sessions. It is any wonder that gold itself has been moving lower?

Add this fact to the three negatives I cited in the previous set of comments on gold today, and that makes FOUR negatives. Bulls have some work to do in a hurry.

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