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<p>[QUOTE="jolumoga, post: 1756570, member: 41780"]I am not disputing the legality of closing gold holding accounts, since these institutions know the rules better than most of us here. It just seems that the ABN Amro and Rabobank news is a giant red flag for me, since they are major institutions and it would seem it is in their interest to hold gold for wealthy individuals who are willing to pay the necessary costs for it. The question is why now, all of a sudden? Also, it will be interesting to see if any other major institutions follow in their footsteps. Again, this may be faulty analysis in the end, but it seems theoretically possible for traders to let charts and trends so utterly separate them from reality that the actual physical commodity becomes no longer available due to a supply and demand mismatch. At least, this could occur temporarily until prices adjust to fundamentals. But again, this is a theoretical point and it may not be relevant to the situation right now. Personally, I am on the fence due to how long these predictions have been made and since I am not an insider.[/QUOTE]</p><p><br /></p>
[QUOTE="jolumoga, post: 1756570, member: 41780"]I am not disputing the legality of closing gold holding accounts, since these institutions know the rules better than most of us here. It just seems that the ABN Amro and Rabobank news is a giant red flag for me, since they are major institutions and it would seem it is in their interest to hold gold for wealthy individuals who are willing to pay the necessary costs for it. The question is why now, all of a sudden? Also, it will be interesting to see if any other major institutions follow in their footsteps. Again, this may be faulty analysis in the end, but it seems theoretically possible for traders to let charts and trends so utterly separate them from reality that the actual physical commodity becomes no longer available due to a supply and demand mismatch. At least, this could occur temporarily until prices adjust to fundamentals. But again, this is a theoretical point and it may not be relevant to the situation right now. Personally, I am on the fence due to how long these predictions have been made and since I am not an insider.[/QUOTE]
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Excellent Comex article
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