Writing in SeekingAlpha Jeff Nielson points out the tremendous misinformation and misunderstanding surrounding ETS's – how they influence the price of gold and other precious metals. Jeff believes it is an intricate scam to keep the price of gold in check. Here is an excerpt: "An article put out by Reuters Sunday morning noted that holdings of the largest (so-called) bullion-ETFs shrank significantly in January. As with most “analysis” of precious metals by mainstream talking-heads, Reuters totally misunderstood the dynamics at work.

“Analysts fear sustained outflows from gold ETFs if investors' attitude towards bullion sours, which could be a drag on prices,” said Reuters, proving that these anonymous “analysts” know nothing about the precious metals sector.

As I have written on numerous occasions, the large “bullion-ETFs” – which are backed by nothing but banker promises – exist for one purpose: to dramatically dilute the number of dollars entering this sector, in order to assist the anti-gold cabal of bankers in their three-decade long price-fixing campaign." Read more here: Bullion ETF Shrinkage Good for Sector