by Craig Hemke
Sprott Money
In another incident of deja vu, gold investors everywhere have seen their spirits crushed this week in the same old tired manner The Bullion Banks have employed for decades.
I could write about all of this again but I’ve done it so many times now that, frankly, I’m exhausted. I just wrote about this three weeks ago and I don’t have the energy today to do it again.
– The Fed’s QE Taper Schedule and COMEX Gold
In short, during periods of “speculator” demand for COMEX gold exposure, the market-making Bullion Banks create new contracts in order to dilute the overall supply and mitigate the price rise that basic economics predicts would follow from increasing demand.