Alasdair Macleod: A potential crisis in Comex gold

Section:

8:30p Tuesday, July 7, 2020

Dear Friend of GATA and Gold:

GoldMoney research director Alasdair Macleod writes tonight that it seems increasingly difficult for bullion banks to cover their short positions in gold futures in New York.

Macleod writes: "The August active contract runs off the board at the end of this month and bullion banks are likely to be forced into large delivery volumes again. Furthermore, the exchange for delivery arbitrage facility between Comex and the London Bullion Market Association is broken, allowing Comex premiums to London spot to go unchallenged."

Macleod's analysis is headlined "A Potential Crisis in Comex Gold" and it's posted at GoldMoney here:

https://www.goldmoney.com/research/goldmoney-insights/a-potential-crisis...

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



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Enduro Metals Reports Drill Intercept Cut
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Company Announcement
Monday, July 6, 2020

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... For the remainder of the announcement:

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