Demand does seem to be relentless despite NYCOMEX activity...
Regards - VHF
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Yousa! Eight Hundred Tonnes!
Tim Iacono
January 21, 2009
They've been busy over at the SPDR Gold Shares ETF (NYSEArca:GLD), adding about 15 tonnes to the trust over the last week, breaching the 800 tonne level for the first time ever.

The gold price barely seems to notice, but that may change soon enough...