Alasdair Macleod writes, “Basel 3 is on course to regulate the LBMA out of existence. And with it will go all the associated arbitrage business and position-taking on Comex, because most bullion bank trading desks will cease to exist. The only supply to buy-side speculators of gold and silver contracts will be producer hedging.” In other words the gig is up and the Emperor has no Gold. You heard it here first.

Direct download: Alasdair_MacLeod_14.May.21.mp3
Category:general -- posted at: 8:00am EDT



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