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TF Metals Report: August gold delivery update
10:35a ET Friday, August 28, 2015
Dear Friend of GATA and Gold:
The TF Metals Report's Turd Ferguson today reviews deliveries reported for August gold contracts on the New York Commodities Exchange and concludes:
"The entire Comex delivery scheme is nothing but a paper shuffle of warehouse receipts. Very little real gold is ever moved. Each 'delivery' month is just a shell game where the banks simply pass ownership claims back and forth."
Far from making a market, the point of the Comex in gold seems to be to prevent a market from ever developing.
The TF Metals Report's analysis is headlined "August Gold Delivery Update" and it's posted here:
http://www.tfmetalsreport.com/blog/7099/august-gold-delivery-update
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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