DON’T
MISS THIS ONE: “We are on the cusp of something historic
happening on the Comex,” says TF
Metals Report’s Turd Ferguson.
In this roundtable discussion which also includes the Doc from Silver Doctors, we examine the strange recent purchase of gold contracts with a $3,000 strike price in 2015. We cover the PROVEN Gold and Silver manipulation with the London fix, we chat about the new gold-backed crypto-currency known as e-gold, and we finish with the gripping story of the very real drain of PHYSICAL from the Comex.
According
to Turd, ‘We
know that for the first time anyone can remember, the US banks are
net long Comex gold futures, US banks meaning JP Morgan. And net long
to the point of having CORNERED the paper gold market in New York
because the position is so large. I’m talking the extent of 20% of
open interest. And now we’re heading into the December delivery
period…”
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