Dave Kranzler: The Comex does not really trade gold, just derivatives
Submitted by cpowell on Fri, 2020-04-03 16:57. Section: Daily DispatchesBy Dave Kranzler
Investment Research Dynamics, Denver
Friday, April 3, 2020
Unequivocally, gold does not trade on the Comex. The Comex trades paper gold derivatives. It is a futures and options exchange on which a small amount of 100-ounce gold bars changes ownership each contract month.
Ronan Manly: The bullion banks are panicking
Submitted by cpowell on Fri, 2020-04-03 14:46. Section: Daily Dispatches10:49a ET Friday, April 3, 2020
Dear Friend of GATA and Gold:
The London Bullion Market Association and the New York Commodities Exchange, Bullion Star researcher Ronan Manly writes today, have issued another misleading statement in an effort to calm the gold market and discourage investors from converting to real metal their mere paper claims to gold.
Pat Heller: Did the London/New York markets default on gold deliveries?
Submitted by cpowell on Fri, 2020-04-03 03:55. Section: Daily Dispatches11:55p ET Thursday, April 2, 2020
Dear Friend of GATA and Gold:
Mexican miners to keep working essential projects amid virus closures, sources tell Reuters
Submitted by cpowell on Thu, 2020-04-02 23:45. Section: Daily DispatchesBy Diego Ore
Reuters
Wednesday, April 1,
https://www.reuters.com/article/health-coronavirus-mexico-mining/mexican...
U.S. stock clearinghouse suspends certificate repatriation
Submitted by cpowell on Thu, 2020-04-02 23:32. Section: Daily Dispatches7:33p ET Thursday, April 2, 2020
Dear Friend of GATA and Gold:
TF Metals Report's Craig Hemke: No, gold futures really don't have 'ample' gold backing
Submitted by cpowell on Thu, 2020-04-02 17:51. Section: Daily Dispatches1:54p ET Thursday, April 2, 2020
Dear Friend of GATA and Gold:
Bloomberg News yesterday parroted assurances by bankers that there is plenty of gold to back gold futures contracts. The story was headlined "There's Ample Gold to Go Around in Futures Markets After All":
https://www.bloomberg.com/news/articles/2020-04-01/there-s-enough-gold-t...
