ETFs continue to sell, bringing this year's net sales to 6.79 million ounces, according to data compiled by Bloomberg. Total gold held by ETFs fell 6.3% this year to 100.3M ounces.
Gold has been weak because of fear of tapering and a strong U.S. dollar. While there were signs of an improving U.S. economy, even that is dissipating so that might be now helping gold.
The gold cartel is going to attack gold as much as they can to keep commodity markets in check. The miners are playing out as I warned. The cartel would undercut the lows of the mining stocks..
