AAAU - Gold ETF Selling Slows

• The differential selling in the dominant gold ETFs looks to be slowing. The GLD+IAU holdings draws spawned by gold’s latest correction are moderating now that it has passed.
• Gold's subsequent upleg can accelerate after differential gold-ETF-share selling pressure ends. When that reverses into buying, stock-market capital inflows into gold amplify its upleg gains which is very bullish.
• Major-gold-ETF-holdings troughs are an important confirmation that gold’s correction has yielded to the subsequent upleg. While GLD+IAU holdings haven’t decisively carved their latest, they are moving in that direction.

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