Indeed, the GLD ETF added some tonnage on 20 December...
...just to lose it all immediately a business day later on 23 December.
The reason why I say this is that the gold price is much too low at this stage for the Chinese not to buy the physical gold.
Just look at the latest high premiums in Shanghai of 1.5%. So yes, the GLD ETF will continue to get drained unless the gold price goes much higher.