Demand for gold 'shocking' as Comex loses credibility, trader tells King by Chris Powell

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Demand for gold 'shocking' as Comex loses credibility, trader tells King

by Chris Powell - GATA

Published : January 18th, 2012

97 words - Reading time : less than a minute

( 4 votes, 3.8/5 )


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Keywords : Europe | Exchange Traded Fund | Global | Mf Global |

The London trader source of King World News has just given what is probably his best interview yet, citing "shocking" demand for gold in Europe and China; asserting that the New York Commodities Exchange has ceased to be a credible market for gold because its operator, CME Group, did not cover customer losses in the collapse of the MF Global brokerage; and reporting that the silver exchange-traded fund is being hugely shorted to come up with real silver for delivery. An excerpt from the interview is posted at the King World News blog here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/1/17_Lo...

CHRIS POWELL

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Chris Powell

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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.

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