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COMEX can’t find a 400 oz bar for its new 400 oz gold futures contract

Summary:
As the LBMA and CME launch a new 400 oz gold futures contract to keep their paper gold show on the road, one slight problem – COMEX has no 400 oz gold bars. As the LBMA and CME scramble to keep the paper gold show on the road and monopolise gold price discovery, they have now launched a new gold futures contract which is deliverable using 400 oz gold bars. But according to the COMEX gold vault inventory report, there are no 400 oz gold bars in any of the COMEX approved vaults in New York. Is this yet again a giant smokescreen by the bullion bankers to retain power and control? Continue reading… Powered by WPeMatico Post Views: 20

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As the LBMA and CME launch a new 400 oz gold futures contract to keep their paper gold show on the road, one slight problem – COMEX has no 400 oz gold bars.

As the LBMA and CME scramble to keep the paper gold show on the road and monopolise gold price discovery, they have now launched a new gold futures contract which is deliverable using 400 oz gold bars.

But according to the COMEX gold vault inventory report, there are no 400 oz gold bars in any of the COMEX approved vaults in New York. Is this yet again a giant smokescreen by the bullion bankers to retain power and control? Continue reading…

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