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Historically Low Gold OI Levels
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
tfmetalsreport.com / By Turd Ferguson / August 6, 2012
I was going to post this into the previous note but then decided that it needed it’s own thread.
The Gold Comex is dying. As we speculated late last year (http://www.tfmetalsreport.com/blog/3120/thought-experiment), confidence in the fairness of the CME and Comex is leading investors and traders worldwide to exit the exchange. Growing awareness of the paper game manipulation is surely affecting things but, in my opinion, the biggest driver of this exodus is the failure of the CME Group to adequately backstop customer accounts following the collapse of MFG last October and PFG last month.
The proof is in the numbers so let’s go back and review some so that we can look at this in the proper perspective.
Thanks to BrotherJohnF
2012-08-06 17:19:25
Source: http://silveristhenew.com/2012/08/06/historically-low-gold-oi-levels-3/
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