by Turd Ferguson
TF Metals Report
Recently, we’ve written quite often of the surge in Comex gold open interest and the attempts by The Banks to manage the paper derivative price by increasing the paper derivative supply. In this post, we turn to Comex silver, where The Banks are pulling the same tricks but with a very interesting twist.
Again, if you haven’t been following the increases in Comex gold open interest and how The Banks use fresh derivative supply to dampen the paper price, please check our most recent update here: http://www.tfmetalsreport.com/blog/7700/onward-toward-bullion-bank-collapse
But let’s take this analysis in a different direction today. As we’ve meticulously noted, the price of gold is now up over $300 in 2016, from $1060 to today’s $1370, for a total gain of 29.2%.