from King World News
Today Alasdair Macleod notes the $46 premium where Comex gold is trading at $1,712, warning it could prove disastrous for bullion banks, plus Hansen looks at record deleveraging.
Commodities: Record Deleveraging
April 6 (King World News) – Alasdair Macleod: “Comex June contract now at $1712.1, a premium to spot of $46. It is the active contract which tells us that despite all the propaganda about physical being freely available the BBs are still in deep trouble. This could prove a disaster for some bullion banks. Moral of the story: don’t mess with sound money!”…