https://www.youtube.com/watch?v=Zekcqwfrcjk  less than 2 min long.

Additionally, JPM Eligible stocks of gold fall from 6mm to 2mm.

Maneco64 interviews David Jensen (timestamped)  << this whole interview is quite educational.

This unexpected drawdown leaves JPM’s (and UBS) gold holding clients (those with a claim on physical) exposed to girations in the market, as the ‘trading for the bank’s own book’ portion is now much less – at least that’s what I gathered from the discussion.