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Dave Kranzler: The paper raid on gold
By Dave Kranzler
Investment Research Dynamics, Denver
Thursday, March 28, 2019
Gold was smacked $22 from top to bottom overnight and this morning. It was a classic paper derivative raid on the gold price, which was implemented after the large physical gold buyers in the eastern hemisphere had closed shop for the day. This is what it looks like visually:
[See chart at link below]
As you can see, as each key physical gold trading/delivery market closes, the price of gold is taken lower. The coup de grace occurs when the Comex gold pit opens. The Comex is a pure paper market, as very little physical gold is ever removed from the vaults and the paper derivative open interest far exceeds the amount gold that is reported to be held in the Comex vaults. (The warehouse reports compiled by the banks that control the Comex are never independently audited.) ...
... For the remainder of the analysis:
http://investmentresearchdynamics.com/the-paper-raid-on-the-gold-price/
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