Bullion's Speculative Trade Near Its End: World Gold Council

 http://www.cnbc.com/id/100941347

The exodus out of gold this year, triggered by heavy exchange traded fund (ETF) selling, may nearing its end, according to an executive at the World Gold Council (WGC), who expects prices to pick up towards the end of 2013.

"We feel that speculative money has largely come out of the gold market. We feel that gold is nearer the bottom than the top right now. You'll see a stronger market towards the end of the year, and into next year," Marcus Grubb, managing director of investment at the WGC told CNBC on Tuesday.
(Read More: The four reasons why hedge funds are selling gold)
Investors in gold ETFs have sold around 650 metric tons of bullion gold so far this year, driven by improving prospects for U.S. economy and expectations for a tighter monetary policy in the country. This is equivalent to the amount that rushed into the market eight months after the collapse of Lehman Brothers when investors were searching for a safe haven, he explained. 

Stay true to your convictions folks, I know its hard seeing the beat downs on a daily basis, but good things are coming for Metals, it takes real skin to be in this game. Besides this is the cheapest trade going, buy low sell high.