As the frequent readers know by now, I view GLD as a proxy for Western-based investment demand for the metal, similar to the manner in which the World Gold Council views it as they just related in their most recent report published this past week.
Notice the symmetry between the two lines on the graph. Both tend to rise and fall together. By the way, when the data is graphed on a logarithmic style plot, the relationship is even more similar.
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