“There has been a lot of misinformation recently about Comex warehouse gold stocks. Most notably, there’s confusion about how this year’s sharp drop in the quantity of gold bullion held in Comex warehouses might point to some looming shortage of metal to settle gold futures contracts, or even signal an outright default by sellers to buyers. But there is no mystery or hidden agenda of how Comex works. In this article our goal is to explain how the Comex works in the simplest fashion. Having been involved in the physical gold markets for thirty years, I hope I’m in a position to share a true ‘insider’ view, the better to inform this debate properly.”
http://www.mineweb.com/mineweb/content/en/mineweb-whats-new?oid=198761&sn=Detail
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