MacLeod – Bullion Banks Still Have a Problem Despite Gold & Silver Pullback

from King World News

The King World News site was attacked and taken offline for 10 hours on a day when gold and silver tumbled. But despite the pullback in the gold and silver markets, the bullion banks still have a problem.

Despite Gold & Silver Pullback, Bullion Banks Still Have A Problem

June 5 (King World News) – Alasdair Macleod: The bullion banks have a problem: they are short of gold futures and finding it very difficult to cover without sending the price far higher. They have already reduced open interest on Comex from nearly 800,000 contracts to 473,069. But look at how short the bullion bank trading desks still are:

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