by Turd Ferguson
TF Metals Report
The events of Friday not only speed the eventual collapse of the Bullion Bank Paper Derivative Pricing Scheme, they also highlight the fraud of this current system and shine light upon the utter desperation of these Banks to maintain it.
We’ve written about this countless times over the past six years. Here are just two recent examples:
- http://www.tfmetalsreport.com/blog/7576/fun-comex-open-interest
- http://www.tfmetalsreport.com/blog/7605/comex-gold-open-interest
In short, as a measure of controlling the paper prices of gold and silver, The Bullion Banks that operate on The Comex act as de facto market makers of the paper derivative, Comex futures contract.