Hi A4O,
The US/London gold market is a fractional reserve credit market. The less real gold there is in the system, the higher the leverage of the whole market, and the more vulnerable the market. GLD gold forms part of the gold base from which the gold credit/derivatives are built.
You take away the base and the whole system collapses. This is why I watch GLD inventory changes for a clue for flow of real gold.
There is nothing more exciting for me to see GLD loses gold.
Others will say GLD losing gold means investor selling low sentiment pog going lower blah blah. I don't care. All I want to see is for the US/UK banks to lose gold to China cos I am Chinese I want gold to go to China the cheaper the better then China will value gold on real gold supply and demand.
