[…] A lot of those golden tickets that Nova Scotia had been accumulating during May were put up for June delivery, and the biggest taker was the house account at JPM.
The amount of gold in the Hong Kong Comex warehouses has been decimated, back down now below a million ounces.
I think we may be in for an interesting June in the precious metals markets. Do not count silver out of this, even though gold may be getting the headlines.
Many of the elite and their financial instruments that inhabit the New York-London financial sector are wearing the ‘Emperor’s new clothes.’ And the Fed is their tailor and valet.