The Battle Between Paper Supply and Physical Demand Intensifying

I would like to share a brief exchange I had yesterday with Jim.

JIM: The COMEX will violate their contract before they allow a squeeze. That is CERTAIN

ERIC: Isn’t that tantamount to saying there’s no way we can delivery on any of the outstanding contracts? Sounds like John Law shell game to me.

JIM: Be assured. it will happen.

ERIC: I have no doubt.

The third count turned green (bullish) before the recent bounce.  GLD as a tool of control is just another conduit of supply driven by the paper exchanges.

Chart: London PM Fixed Gold and GLD (ETF) Total Assets WA Stochastic 

Categories: News mix

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