COMEX Drops Bombshell About 'Eligible' Vaulted Gold
A newly discovered document from COMEX operator CME to the CFTC contains a full-scale admission that much of the ‘eligible gold inventory’ in COMEX New York vaults is held by long-term holders and cannot be included in deliverable supply.
The COMEX concedes that eligible gold should therefore have a 50% haircut applied. With this bombshell admission, it means there is far... Continue Reading