Here's a Bloomberg piece taking a look at movement in holdings of gold

Some of the observations from the piece:

  • Speculators cut gold longs by the most in more than three months
  • Holdings in gold-backed global ETFs down from a three-year high in August and heading for the biggest monthly decline this year
  • Aggregate open interest in New York futures is mired in the longest slump since May
  • The net-long position in gold futures and options fell 11 percent to 248,858 contracts for the week ended Sept. 13, the biggest decline since the week ended May 24, according to Commodity Futures Trading Commission data released three days later. A week earlier the holdings were 278,994, the highest since July 5.

Its worth checking out the piece in full, though, the gold price has been on a rip this year, which puts the headline into context somewhat.

Weekly chart: