from King World News
On the heels of the Dow tumbling more than 1,000 points in another wild day of trading, look at what is happening with the Bank of England’s gold.
Gold Being Leased To Cover Shorts
March 11 (King World News) – Alasdair Macleod: Since the middle of last month 662 tonnes of paper gold has gone from Comex to London through Exchange for Physicals. Through the BoE gold is being leased to cover shorts. It’s book transactions because the gold never leaves the BoE’s vaults. That’s 12% of BoE’s vaulted gold.