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Dave Kranzler: Extreme disconnect between paper and physical gold

Section: Daily Dispatches

By Dave Kranzler
Investment Research Dynamics, Denver
Monday, March 16, 2020

The Western central banks, led by the Bank for International Settlements, are operating to push the prices of gold and silver as low as possible. It's a highly motivated effort to remove the proverbial canary from the coal mine before it dies. A soaring price of gold signals to the world that the central banks have lost control of their fiat currency, debt-induced profligacy. ...

... Dispatch continues below ...


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The signs of massive intervention abounded last week: record levels of PNT and EFP transactions; aggressive interventionary gold swap transactions by the BIS in January/February (per the monthly BIS statement of operations) and presumably this month as well; and a big physical dump of gold last Thursday at the p.m. London gold price fix, which knocked down the gold price. These opaque central bank operations thereby triggered even more paper selling on the Comex. ...

... For the remainder of the commentary:

https://investmentresearchdynamics.com/extreme-disconnect-between-paper-...

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