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.