Gold ETF holdings are picking up, especially after the ‘creative’ yen intervention and the ‘Treasury Twist.’

Sure, the rising gold price itself will have something to do with increasing exposure to gold. By the way, exposure to the gold price through an ETF is not the same as legal ownership of physical gold. With gold still virtually absent from most investment portfolios, there is no such thing as ‘peak gold.’ In fact, I believe we are only at the start of The Great Rebalancing, during whic — via @jsblokland

Gold ETF inflows follow yen intervention and Treasury Twist catalysts.