Nightmare for Bullion Banks Continues as Silver Hits $30 in Overseas Trading and Gold Surges Toward $2,100

from King World News

The nightmare for bullion banks continues as silver hit $30 in overseas trading and gold surged toward $2,100. The metals subsequently retreated from the highs and have turned negative in volatile trading.

Bullion Bank Nightmare Continues

August 6 (King World News) – Alasdair Macleod: There appears to be no way out for the bullion banks deteriorating $53 billion short gold futures positions ($38 billion net) on Comex. An earlier attempt between January and March to regain control over paper gold markets has backfired on the bullion banks.

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