by Turd Ferguson
TF Metals Report
The smoke from Australia continues to billow today as more investors globally begin to figure out the difference between “allocated” and “unallocated”. Will these embers become a full blaze and bank run? We’re still a ways from that moment but it’s certainly not out of the question at this point.
With prices still in the tank and under the Bullion Bank thumb today, let’s focus instead upon this growing conflagration. Again, it has not yet reached a crisis point, but it’s really just getting started, too, so no one can say for certain where this will lead.
Earlier this week, we focused upon the worsening case at The Perth Mint. Australian economist John Adams has been all over this story and here’s an interview he recently recorded with that Maneco guy: