It's All About The Gold

The Gold rush is upon us. We are looking down the barrel of ETF and sovereign Gold control.
I have long pondered the following:
HSBC will have to share custody with JPMorgan of $52 bln in gold bars:
With the world Gold Council having split custody of bullion vaulted holdings between HSBC and JP Morgan a new strength in world Gold control had been struck.
LONDON, Dec 1 (Reuters) - JPMorgan (JPM.N), opens new tab will join HSBC (HSBA.L), opens new tab in storing bullion for the world's biggest gold-backed exchange-traded fund (ETF), the fund's operator said on Thursday, ending its rival's sole guardianship of the $52-billion stash of gold.The change, which begins on Dec. 6, is a boon for JPMorgan, which could rake in millions of dollars of storage fees.HSBC had been the sole custodian for SPDR Gold Trust, also known as GLD, since it launched in 2004. The bank currently stores about 910 tonnes of gold for GLD in London -- around a quarter of all the gold held for ETFs globally.
Having established and repeating what we already know I offer the following images:
Which Image pertains to Vault or GMD is almost irrelevant.
Image 1 Vau / Image 2 GMD:
In both instances HSBC and JP Morgan have equal controlling interest when combining the two producers.
What is it they want: The Gold / The Gold / The Gold. Gold is the fuel for the ETFs they control SPDR and GLD.
Between the two they manage, hold and distribute 25% of the bullion traded in all worldwide ETFS.


I do believe the the share price VAU is experiencing is just a measure of Checks and balances. The large stake holders are more concerned about the production and distribution of the precious metal. They are effectively buying their suppliers and the share spot price is just a measure of retaining controlling interest in said miners. It will take greater retail sentiment to move the spot price , I do believe greater open interest is on the horizon and thus rebalancing the spot price to a much greater value than present.
I wish you all a Happy New Year.