My biggest concern for the price of gold is the GLD ,,ETF

So far many futures traders and gold investors have loaded up on GLD,,,and so far they have not been sellers,,,but,,,as the COMEX keeps getting whacked,,,a time may very well come in which we see GLD holders turn to sellers.

This would be very bad,,,as it would be as if the 7th largest Central Bank started to dump gold while gold is already falling.

The downward pressure could very well push gold to the 650 range IMO