Chart of the Day: Diverging Real Gold from Paper gold

From Zero Hedge

I pointed out of the distinction between paper gold and real gold here.

And I also noted that strong global physical demand amidst the Wall Street instigated selloff means a massive transfer of gold reserves to the physical “real” markets.

Since the bear raid or in over 2 weeks, mainland Chinese alone reportedly bought 300 tons of gold or about  a little more than 10% of annual mine production.

And I also pointed out that such transfer means that Wall Street-Central banks may have lesser leeway to continue with their stealth suppression attempt.

The above chart shows that GLD’s inventories have steeply fallen and continues to fall and has been diverging from what seems as recovering gold prices.

Has this been an anomaly or a partial validation of my prognosis?

We will see soon.