Today, the bleeding reaches a massive hemorrhaging stage. If I was a shareholder of GLD I would immediately call in the Serious Fraud Office in London to investigate the disappearance of GLD's only asset. Today GLD lost an astonishing 16.23 tonnes of gold.
The registered vaults at the GLD will eventually become a crime scene as real physical gold departs for eastern shores leaving behind paper obligations to the remaining shareholders. There is no doubt in my mind that GLD has nowhere near the gold that say they have and this will eventually lead to the default at the LBMA and then onto the comex in a heartbeat (same banks)