The divergence Between Paper and Physical Gold

Gold ETF’s and futures contracts are going down, which is obviously controlled by Wall Street.  At the same time, every time there is a dip in the gold market price, the demand for physical gold is rising globally.

 

In addition you can see the divergence between Wall Street short term speculators who are shorting the market and the long term commercial investors who are heavy buyers. The speculative momentum players continue piling on shorts, while commercial interests are following a path 180 degrees opposite.

The question remains for those investors interested in gold as to who will be right in the end. The short-term Wall Street speculators or more long-term players?