no, glut. simply an increase in bars in COMEX approved vaults. Placed there by bullion futures traders taking advantage of the London/New York price differences.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
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no, glut. simply an increase in bars in COMEX approved vaults. Placed there by bullion futures traders taking advantage of the London/New York price differences.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey