Gold ETF holdings are signaling record highs, yet gold sits near $4,100. China is importing more, central banks keep buying, and some miners refuse to sell. What is pushing prices down?

Someone doesn’t want to see gold rising…

Gold ETF holdings are at levels you’d expect to see with gold hitting all-time highs… Yet gold itself is trading at just $4,100.

Meanwhile:

– China’s gold imports are reaching record highs
– Global central banks remain major buyers
– Some Asian gold producers want to keep their gold rather than sell it

In other words, everyone is buying gold, some producers are holding on to their gold, and yet the price is falling as if the exact opposite were happening…

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