Gold bullion holdings at the main gold bullion ETF, GLD, dropped by 19.22 metric tonnes in the month leading up to Christmas. Since then, it’s begun to climb back:
That’s 617,925 gold which at U$1,800/oz a pop, is worth U$1.11Bn, so…forget it. Bad idea, bad theory, It doesn’t even cover a tenth of the Vampire Squid’s 2021 bonus pool, let alone all the others.