Spot gold trading shrinks as interbank deals dry up

http://www.reuters.com/article/2015/05/06/us-gold-trade-change-idUSKBN0NQ1O820150506

`February's clearing statistics for gold, collected by the London Bullion Market Association, showed the volume of ounces transferred between London banks dropped to a one-year low of 17.8 million. Total ounces transferred continued to stay south of 20 million in March, the latest data available. ... "But when somebody has size to do, especially with algos out there, it can hit pockets of illiquidity and cause spikes or flash crashes," he added, referring to algorithmic trading, which uses advanced mathematic models for making transactions. '' -- Gee, guess this means there's "plenty of gold out there".... (certainly it casts doubt on any supposition that, amidst weak prices, lots of parties are selling...)