by David Kranzler
Investment Research Dynamics
“I think there will be a full monetary system reset after the world has had enough of Jay Powell and his digital printing press.”
The alleged gold flow into the Comex and amount of gold for which contract longs are taking “delivery” is at a historical extreme. I use “delivery” because “taking delivery” means being assigned an electronic warrant that records ownership transfer of a Comex registered bar presumably (but not guaranteed) to be sitting in a Comex-approved vault. It does not mean that the party taking delivery takes possession of a physical bar.
Chris Marcus and I discuss the unusual activity at the Comex and the LBMA in the podcast below. But first read this excellent article from Ronan Manly at Bullionstar.com, who dissects fact from fiction about the Comex vault and delivery reports: