by Turd Ferguson
TF Metals Report
We’ve written about this so many times, frankly I’m not sure if I have the energy to do it again…but we’ll give it a try.
Here are just the last three missives on this (sore) subject:
Basically, here’s what you need to understand. The only “price” that is discovered on the Comex paper derivative exchange is the price/value of the paper derivatives, themselves. The price discovered is definitely NOT the price of gold.