Mostly: Classical

[amarksp]

doing the math, that's 1.55% of annual gold production went into GLD ETF last week...!!

annual gold production 82,000,000 ounces
ETF last week = 1,273,964

1,273,964
82,000,000
1.554%

Check this out: streetTRACKS Gold Fund (GLD)—the largest ETF traded on the NYSE, and one of several relatively new vehicles for owning gold without taking delivery of physical metal—added an eye-popping 39.62 tons to its trust vaults last week.

That’s 1,273,964 ounces of gold, for those of you who are counting, or a nearly 14% increase in the fund’s holdings. Not since the week of the fund’s inception in November of 2004 has it added so much in a week. And remember, that was at considerably lower prices.

http://www.kitcocasey.com/displayArticle.php?id=515