“Ultimately, whether or not large numbers of investors start to run from bullion-holding ETFs may help determine whether the recent downturn in gold’s price is lasting and how far it goes,” WSJ reported.

SPDR Gold Shares

Global Gold ETF Bullion Holdings (Tons)

Gold holdings chart source: Bloomberg

Full disclosure: Tom Lydon’s clients own GLD.

Full disclosure: John Spence owns ZSL.