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Gold: Deliver Me This Commentary,Metals

John Lothian

There is a problem in the gold market. The problem was outlined yesterday in a Wall Street Journal story about how HSBC was getting rid of retail clients and their small holdings of gold. Given the interest in the precious yellow metal, HSBC figures it can make more money dealing with bigger clients. The problem is actually not new, but it makes a good story. As a futures broker, I have and have had clients who want to take delivery of gold. Before gold took off on this rally, not too many brokers really wanted to deal with this kind of…