COMEX reveals that GLD will accumulate gold

It still amazes me how good the COMEX and GLD correlate to each other. We see that since 2014, the COMEX (first chart, blue line) and GLD trust (second chart, red line) are now taking in physical gold again. Especially COMEX.

COMEX gold

GLD tonnes in trust

This tells me that funds are finally interested in gold again and that a bottom is in.