Ann: Half Yearly Report and Accounts, page-6

Im not really following moy's story i only read charts.
If i was to guess that moy was selling gold last year and maybe this year im not sure if they have, but they sold at the highs of a bear market, which i imagine is just to cover costs and keep a stream of revenue coming in otherwise they would be sitting ducks.
If theyre only selling small portions of gold compared to their total reserves then id say theyre doing extremely well but youl have to go through announcements and find them yourself.

However gold may slide for another 3-4 months so i imagine mm's will fake a rally and offload some shares they bought on those high volume days where nothing happen, trapping bulls, you start seeing on the news that gold has hit new lows since 2015 and everyone sells their high purchased stock back to them. they win

Dont take my word for it tho no one can time the markets, im just trying to read between the lines