Today Alasdair Macleod notes the $46 premium where Comex gold is trading at $1,712, warning it could prove disastrous for bullion banks, plus Hansen looks at record deleveraging.
Commodities: Record Deleveraging
April 6 (King World News) – Alasdair Macleod: “Comex June contract now at $1712.1, a premium to spot of $46. It is the active contract which tells us that despite all the propaganda about physical being freely available the BBs are still in deep trouble. This could prove a disaster for some bullion banks. Moral of the story: don’t mess with sound money!”…
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Commodities: Record Deleveraging
Ole Hansen, Head of Commodity Strategy at Saxo Bank: “Commodities: Record deleveraging activity has led to funds now holding the smallest portion of the open interest since at least 2008. Plenty of room to accumulate when signals become clearer (see below).”
Record Liquidation In Commodities
Corrupt Bullion Banks
To hear James Turk discuss what the corrupt bullion banks are up to in the gold and silver markets and much more CLICK HERE OR ON THE IMAGE BELOW.
Man Who Predicted Global Collapse
***Also Released: James Turk – Gold Should Hurdle $1,700 In Days, But Here Is The Big Surprise CLICK HERE.
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