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Miles Franklin’s Holter, TF Metals Report Sense Trouble With Comex Gold
TND Guest Contributor: Chris Powell |
Miles Franklin market analyst Bill Holter writes today that he sees signs that someone is trying to corner the December gold contract on the New York Commodity Exchange:
http://blog.milesfranklin.com/is-comex-being-cornered
The TF Metals Report’s Turd Ferguson also sees signs of strain in Comex gold:
http://www.tfmetalsreport.com/blog/6393/november-delivery-comex-odyssey
Your secretary/treasurer doesn’t pay much heed to the Comex data, figuring that any shortages of metal for delivery there can always be remedied with by a call from the uncomfortably short bullion bank to the Federal Reserve Bank of New York, imploring the latter to send over the necessary metal by dipping into whatever is left of the German Bundesbank’s deposit. The Bundesbank won’t mind.
But someday even the foreign custodial gold vaulted with the U.S. government may be exhausted and free markets, fair dealing among nations, and simple truth may start breaking out all over, a great day announced, if not by Comex, then by something even grander:
Gabriel will warn you.
Some early morn you
Will hear his horn,
Rooty-tootin’.
https://www.youtube.com/watch?v=OqvlucAVoqI
# # # #
About Chris Powell:
Mr. Powell has been managing editor of the Journal Inquirer, a daily newspaper in Manchester, Connecticut, since 1974. He serves as the secretary/treasurer and a director of the Gold Anti-Trust Action Committee (GATA). Mr. Powell publishes GATA “dispatches” on stories relevant to the precious metals community: click here to access them and the GATA website. For additional information about precious metals, financial markets and the economy a 2 week free trial to GATA chairman Bill Murphy’s subscription service is available by clicking here. This article is reprinted on The News Doctors with permission.
Source: http://thenewsdoctors.com/miles-franklins-holter-tf-metals-report-sense-trouble-with-comex-gold/
