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<p>[QUOTE=&quot;Cloudsweeper99, post: 659182, member: 3011&quot;]HSBC recently notified their customers using that bank as a custodian for gold that they must move the gold to another custodian.&nbsp; Some of these folks will no doubt sell to avoid the hassel.&nbsp; That might be putting a little pressure on gold.</p><p><br /></p><p>Regarding China and Treasury auctions, the Chinese stopped purchasing Treasuries on a net basis about a year ago.&nbsp; Last week there was a failed Treasury auction.&nbsp; </p><p><br /></p><p>So there are things happening that are both bullish and bearish for gold.&nbsp; Nobody knows for sure which way the price will go for the balance of this year.[/QUOTE]</p><p><br /></p>

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