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TF Metals Report: Comex conundrum

Section: Daily Dispatches

8:44p ET Monday, November 11, 2015

Dear Friend of GATA and Gold:

The TF Metals Report's Turd Ferguson writes tonight that the gold ready for delivery against Comex futures contracts for December seems to cover only 17 percent of the contracts still open and standing. Superficially this would imply a shortage of metal. But how much metal can central banks and their agent bullion banks still mobilize in a pinch for price suppression? That is the question on which every government-issued currency in the world will rise or fall, and you can be damned sure that while the TF Metals Report asks it, the Financial Times and The Wall Street Journal never will. Ferguson's analysis is headlined "Comex Conundrum" and it's posted at the TF Metals Report's Internet site here:

http://www.tfmetalsreport.com/blog/7302/comex-conundrum

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org



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