Another Year of Synthetic Gold Trading in the New York Market
Thursday, January 21, 2016 11:01
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Looking back, it is evident from the charts below that 2015 was another year of decline for physical gold deliveries in New York. This is thought to be a benign phenomenon by some.
As you know I think that such a decline in the connection to the fundamental flows of a physical commodity creates a potentially dangerous situation, especially in a climate in which most of the major markets have shown themselves to have been systematically rigged by corrupt trading institutions.
The second chart shows how dramatically the physical gold market has moved to the East, leaving both New York and London as influential to price while becoming increasingly insubstantial.
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