This article is only of concern to leveraged buyers. If you are long physical bullion , then you have a 0 as your stop, you can always pass it on to your kids, that is replicating the banks position according to him no?

All trading markets have an element of sharp practice or stop running etc. I have seen the currency markets operate in a similar manner. The futures market is a big boys game, nobody says you have to play

He didnt seem to comment on hedging by producers?

Other then that he is probably correct that there will not be a run on the Comex any time soon, however it woudnt add any weight to his article either way.