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Lawrie Williams: What happens to gold if the Comex collapses?
9:43p ET Monday, December 2, 2019
Dear Friend of GATA and Gold:
Sharps Pixley market analyst Lawrie Williams today explores the analysis of Fraser Murrell about the potential collapse of the gold futures market if physical demand overwhelms paper supply.
Of course in such circumstances the gold price would explode, since, as Williams acknowledges, "the huge volume of paper gold traded on the Comex ... certainly acts as a price control mechanism on the physical metal" -- which is just what the Comex was created to do in 1974:
http://www.gata.org/node/17081
Williams' commentary is headlined "What Happens to Gold if Comex Collapses?" and it's posted at Sharps Pixley here:
https://www.sharpspixley.com/articles/lawrie-williams-what-happens-to-go...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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