Timber, you stated above re GLD sales & as long as there is a buyer its neutral. Of course there is a buyer there is always a buyer at some point, however that point isn't always at where the seller wants to sell.
And with GLD there has been constant selling. Under your thesis if GLD turned net buyer that would also be neutral as there had to be a seller for GLD to buy.
Really sometimes you make me wonder!
In regards the JPM movement, 10 ton is not insignificant either.
Could be a simple transfer, who knows, but its worth noting so thanks BMD.
