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Ronan Manly: Bullion bank nightmare as LBMA-Comex spread blows up again
9:21a ET Thursday, April 9, 2020
Dear Friend of GATA and Gold:
Bullion Star researcher Ronan Manly today details the last several weeks of evidence that the fractional-reserve gold banking system operated by the London Bullion Market Association and New York Commodities Exchange (backstopped by certain central banks) has blown up, despite the frantic disinformation they have distributed to conceal the failure.
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Manly writes: "The gaping price differential between spot gold and gold futures that has been plaguing the paper gold markets in London and New York for the last three weeks shows no signs of abating and is continuing to flare up."
His analysis is headlined "Bullion Bank Nightmare as LBMA-Comex Spread Blows Up Again" and it's posted at Bullion Star here:
https://www.bullionstar.com/blogs/ronan-manly/bullion-bank-nightmare-as-...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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