From Mineweb.com: Along with the GFMS analyses and those from CPM, the gold market always studies the VM Group’s reports, issued on behalf of Fortis Bank, with special interest and the latest of these turns up some interesting data on dehedging, official gold sales and ETF holdings. The summary of the report is noted below.

In its report, VM Group records that global gold dehedging slowed in Q4 08, with outstanding hedge positions falling 1.5 Moz (45t), the smallest decline since Q4 06. Measured in committed ounces the decline was a smaller 1.1 Moz (34t)….. Full Article: Source