While demand for physical gold is soaring in India and China (with premiums near record highs)...
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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.
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Investors have slashed holdings by 11 percent to about 1,787 metric tons in the period, exacerbating a decline in prices...
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But as financial conditions deteriorate once again, gold has decoupled (for now)...
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And finally we note that as Bitcoin soars, it feels like deja vu all over again from late last year...
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