tfmetalsreport.com / By Turd Ferguson / June 18, 2015 at 8:45 am
Last week, all the hubbub was about the movements of “gold” into the JPM Comex vault. This week, I’d like to point out something far more interesting and unusual…the flight of “gold” out of the Scotia Bank vault.
In case you missed it last week, some noise was made about a massive addition of eligible gold within the JPM Comex gold vault. I failed to see where it was noteworthy and I wrote about it here: http://www.tfmetalsreport.com/blog/6912/what-am-i-missing
You see, here’s the thing…I try to abstain from lengthy discussions about the CME/Comex vaulting system because, to me, it’s so clearly just a big lie and charade. Heck, the CME itself disavows their own reports with this disclaimer found at the bottom of each one:
Therefore, anyone attempting to explain what goes on there is simply adding an air of legitimacy to what is clearly a fraudulent and deliberately opaque “market”.
That said and taking the CME’s disclaimer fully into account, I would like to bring some “irregularities” to your attention.
On the CME Gold Stocks report below, dated 3/6/15, note the big red box and arrow pointing to the amount of “gold” allegedly being held in custody at The Scoshe and used as a physical foundation for the paper derivative market