You are here
Craig Hemke at Sprott Money: Comex gold offtake remains extraordinarily high
4:15p ET Tuesday, March 16, 2021
Dear Friend of GATA and Gold:
Gold offtake at the New York Commodities Exchange, operated by CME Group, remains extraordinarily high, the TF Metals Report's Craig Hemke writes at Sprott Money today.
Hemke writes that the Comex isn't breaking yet. But he concludes: "The CME Group and the London Bullion Market Association truly opened Pandora's Box when, in a desperate attempt to shore up confidence in their pricing scheme, they advertised and converted their Comex contracts into physical delivery vehicles following the events of March and April 2020.
... Dispatch continues below ...
ADVERTISEMENT
Buy, Sell, or Store Precious Metals with Money Metals Exchange
Money Metals Exchange, a national bullion dealer recently voted "Best in the USA" by a worldwide ratings group --
https://www.moneymetals.com/news/2015/02/03/worldwide-ratings-organizati...
-- is a great low-cost source for precious metals coins, rounds, and bars. Money Metals also pays handsomely when you wish to sell your precious metals.
Shop online with Money Metals Exchange here --
https://www.moneymetals.com/buy
-- or by calling 1-800-800-1865.
Meanwhile, Money Metals Depository will store your precious metals in a segregated account at low cost:
https://www.moneymetals.com/depository
"By doing so, the CME and LBMA very likely sealed the fate of their fraudulent pricing system, and the continued delivery demands of 2021 are maintaining the pressure and stress felt by the bullion banks in the 12 months since."
Hemke's analysis is headlined "Comex 'Delivery' Update" and it's posted at Sprott Money here:
https://www.sprottmoney.com/blog/COMEX-Delivery-Update-Craig-Hemke-March...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
* * *
Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
Here's what the bottles look like:
http://www.gata.org/files/GATA-4-wine-bottles.jpg
Buyers can compose their case by choosing as many as four varietals from the list here:
http://www.gata.org/files/FayJWineryVarietals.jpg
GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?
To order a case of GATA-label wine, please e-mail Fay J Winery at bagman1236@aol.com.
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
