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00:00GOLD -- LESS NEED FOR GOLD. YOU CAN SEE AROUND 8:30 P.M. HONG KONG TIME ON FRIDAY, WE SAW GOLD PLUNGED. IT PUSHED GOLD OVER THE EDGE AND TODAY, IT FELL MORE THAN 4%. GOLD SPECULATORS, THE LEAST BULLISH ON RECORD. MONEY MANAGERS ARE HOLDING THE SMALLEST NET BULLISH BETS ON GOLD SINCE U.S. GOVERNMENT DATA BEGUN IN 2006. THEY ARE NOT JUST DUMPING GOLD, BUT ALSO DUMPING SILVER, PLATINUM, PALLADIUM. IF YOU LOOK AT EXCHANGE TRADED PRODUCTS, THEY LOST ABOUT $2.1 BILLION. RISHAAD: WE ARE A COUPLE OF MONTHS AWAY FROM THE INDIAN WEDDING SEASON. THE CHINESE HAVE BEEN BUYING THE STUFF IN RECORD AMOUNTS. SHERY: WHETHER THE MARKET THINKS CHINA WILL BUY MORE GOLD. FOR THE FIRST TIME SINCE 2009, WE HAVE DATA OF HOW MUCH CHINA HAS ACTUALLY PUT MONEY INTO BUYING GOLD. SINCE 2009, THEY BOUGHT $26 BILLION. THE FIRST TIME WE HAVE DATA OUT OF THE CENTRAL BANK. THEY BOUGHT 1600 METRIC TONS, LOOK AT THAT JUMP FROM 2009. 100 TONS A YEAR BEING PURCHASED BY CHINA. IT ALL DEPENDS ON WHETHER PEOPLE EXPECT CHINA TO KEEP BUYING. IT IS NOT AS HIGH AS EXPECTED. CHINA TRYING TO DIVERSIFY ITS FOREIGN EXCHANGE RESERVES. RISHAAD: THANK YOU VERY MUCH. ANGIE: TWO GREECE, WHERE THE BANKS REOPEN T --O -- T

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Gold Speculators Are the Least Bullish on Record

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