Tyler Durden11/05/2014 When it comes to buyers of physical assets as opposed to traders of paper representations of such assets, there is one key difference: the latter, more than anything, enjoy looking at "heatmaps", chasing trends and jumping on momentum, the result being the most recent massive selloff in such "paper" representations of precious metals as the GLD and SLV ETFs, and various gold futures. On the other hand, those who prefer to hold the metal in their hands, as well as others such as China whose ravenous apetite for gold over the past 4 years has been extensively covered...