That has been an indication of capitulation selling by holders of GLD shares.
that doesn't make sense. holders of GLD can only sell their shares, not the bullion itself.
Fixed!
The suggestion is that weak and/or amateur hands that bought recently are panic selling. Meanwhile, bullion can be obtained by redeeming baskets of shares worth the equivalent of a 400oz good delivery bar. That means big money is grabbing lots of shares during these shake-downs, like a baleen whale scooping up shrimp. GLD is like low-hanging fruit for them; immediately available and simple to obtain.
how about capitulation buying from investors like Roubini? he's an economist afterall. gotta be right. 
He may have suggested the QE route, but he did call the housing crash and subsequent problems. You can rely on him to understand the problem, just not offer a proper solution. That's beside the point, though. There are all kinds of calls for high prices in gold from various sources that people have grown to distrust. Is that intentional or a bid to maintain legitimacy? Does it matter?
There's still too much conflicting information and sentiment for me to say that the clamor for gold is indicating a top. I'll take it with a grain of a salt and make my own decision; that's still looking for gold in the mid-$2000 to $3000 range by late October to November before the real smack-down occurs.
thats a great article. and this is the real money backing thats supposed to fit into the new digital age?
Why wouldn't it fit?
The world recognizes gold, but not Bitcoin yet. Such a change will be a process, not an instantaneous transition. Don't worry, give it time and we'll be rewarded for our BTC holdings - it'll be a lifetime worth of profit.