https://tomluongo.me/2020/08/14/market-friday-end-comex-paper-gold/
Market Friday: Is This the End of COMEX Paper Gold?
Date: August 14, 2020 — Author: Tom Luongo
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And now, the question on a lot of people’s minds is whether we’ll see the end of the fiction of the paper gold market as epitomized by the futures market on the COMEX.
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The fiction of a gold-settled futures contract keeps the fiction that supply and demand for gold are in balance at these prices. But are they really? If so then gold wouldn’t be hoarded the way it is. Gresham’s Law would reverse and gold would move into the market at a much higher clearing price.
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That, to me, is what is so very important about what is happening now. Because that begs the question, cui bono?
Who benefits from breaking the price control system of the fake, paper gold market?
Once you sort through the answer to that, China and Russia, then what’s been happening in gold and silver should make a whole lot more sense.
And why gold seems to have decoupled not only from the COMEX but gyrations in the U.S. dollar.
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And, that girls and boys is the end of a lot of things — FED policy driving the Stock Market, the ability to have a debt laden society to support itself, and the USA’s empire. How far “we” fall is yet to be seen. Study the rise and fall of ALL empires and distill the common factors — debasement of its currency and fall in “civic morality”.
So sad. Glad I’m not going to be here to see it happen, but I believe it will.
Save your nickels!
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Reinke Faces Life 