More Surprises In The Physical Gold Market Reaffirm Gresham’s Law

(Before It's News)

by David Kranzler
Investment Research Dynamics

While I don’t follow the data reporting on the Comex on a day-to-day basis – primarily because 1) I don’t have the time, 2) enough people do follow it and report on anything unusual and 3) I don’t fully trust what is reported.

However, Avery Goodman posted an article on Seeking Alpha, The Big Long, that caught my eye. He noted that Goldman Sachs and HSBC reported delivery of 7.1 tons of gold into their “house” accounts on August 6. Goldman stopped 3.2 tons and HSBC stopped 3.9 tons.

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