Why Comex is Already Dead- Weekly Part 1
Bullion Banks are Seemingly Abandoning Comex
There are two posts coming today. Cheers.
Comex is Dying
Divvying Up the World’s Wealth
Mercantilism to Protect Resources
What About the USA?
Are Bullion Banks Abandoning Comex?
Even an Empty COMEX Sets the Price
Down the Road, Beware of GLD and SLV
Michael Lynch Analysis
Comex is Dying.
Over the past month or so, we have been raising flags that the Comex is slowly dying. The first evidence cited is the continual vault draw-downs without replenishment. Combining this with the fills and subsequent draw downs in China’s vaults, as well as their voracious appetite for Gold and Silver these past 12 months, and you can clearly see a pattern of metal going eastward. Some have seen this for years. It is now painfully obvious for most Gold and SilverBugs.. but still not to the general public.
Nothing to See Here…
