by David Kranzler
Investment Research Dynamics
Can anyone answer the question with any modicum of certainty? All published analysis on the Comex and the Commitment of Traders reports is based on the data reports compiled and issued by the Comex bullion banks – primarily JP Morgan, HSBC, Scotia. All three of these banks have been embroiled in lawsuits and regulatory action in other areas of their business involving fraud and corruption. The COT reports originate from these banks, who operate and control the trade clearing process at the Comex.