Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...

Subscribe Log in

Gold & Silver Prices

Home>GoldWire>Craig Hemke at Sprott Money: The Comex 'exchanges for phyiscal' fraud

Articles NewsFlow Gold & Silver Prices Market Briefing

In the same category
What Sorrow Awaits the Shepherds of Lawlessness Jesse A Carnival of Beasts Jesse Dry Bones Jesse Many, Falling Away Jesse Behold Your Mothers Jesse Pride Changed Angels Into Devils Jesse Black Swans Circling Jesse The Madness and Illusions of the Exceptional Jesse The Overreach of Power and Privilege Jesse

Craig Hemke at Sprott Money: The Comex 'exchanges for phyiscal' fraud

IMG Auteur

Chris Powell

GATA

Published : May 10th, 2018

161 words - Reading time : less than a minute

( 0 vote, 0/5 )

Print article

Article

Comments

Comment this article

Rating

All Articles

0

Send

0

comment

Our Newsletter...

Disclaimer

Category : GoldWire


	The sudden rise in settlement of Comex gold and silver futures contracts through the formerly obscure off-exchange mechanism of "exchange for physicals" is likely just increasing the supply of imaginary metal, the TF Metals Report's Craig Hemke writes today for Sprott Money. Hemke writes: "The escalating abuse of this process has brought the sham and fraud of the digital derivative pricing scheme into greater focus. Mainly, how in the world does a swapping of derivative contracts, where there's obviously zero physical metal involved, equitably determine the true price and value of underlying physical asset? "Additionally, what does the increasing volume of EFPs say about the state of the physical market and the availability in size of physical gold on demand? If the Comex/LBMA is simply increasing the amount of leverage in the system, one must wonder how stretched and stressed the pricing scheme has become." Hemke's analysis is headlined "Comex Exchanges for Physical" and it's posted at Sprott Money here: https://www.sprottmoney.com/Blog/comex-exchan...l-craig-hemk...

Previous article

Rate :

Average note :0 (0 vote)

IMG Auteur

Chris Powell 13 abonnés

All his articles

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.

His latest articles

Venezuela's Guaido asks Citibank to freeze gold swap with Ma

Newmont CEO is unenthusiastic about prospects for gold price

Subscribe to his services

Similar articles you might enjoy :

The Overreach of Power and Privilege

Gold: Structural Inflation & The Roaring 2020s

Comments closed

All

Favorites

Best Rated

Latest comment posted for this article

Be the first to comment

Add your comment

Top articles

Services

	RSS feed		24hGold Mobile
	Gold Data Center		Gold & Silver Converter
	Gold coins on eBay		Silver coins on eBay
	Technical Analysis		Fundamental Analysis

World PM Newsflow

ALL

20:53Those who talk about banning small-scale mining are doing politics - Dennis Aboagye.youtube

20:37Electra Mining 2024: FLS's 'Pure Play' strategy pays off in Africa Miningreview

20:34Top 8 Largest Sweepstakes Casinos in the U.S Largest - Youtube

20:213 Large-Cap Stocks to Buy on the Dip Before They Rebound - YouTube youtube - Youtube

20:09Debate churns over mining Pacific seabed for green-energy minerals - VOA News voanews - Voanews

GOLD

20:53Those who talk about banning small-scale mining are doing politics - Dennis Aboagye.youtube

20:37Electra Mining 2024: FLS's 'Pure Play' strategy pays off in Africa Miningreview

20:34Top 8 Largest Sweepstakes Casinos in the U.S Largest - Youtube

20:213 Large-Cap Stocks to Buy on the Dip Before They Rebound - YouTube youtube - Youtube

20:09Debate churns over mining Pacific seabed for green-energy minerals - VOA News voanews - Voanews

SILVER

14:14Waterford revival: the reinvention of Ireland's oldest city | Australia - Head Topics Headtopics

12:17Phoenix Copper Ltd - Phoenix Publishes PFS for Empire Open-Pit Mine - Research Tree Research-tree

10:57Fresnillo (OTCMKTS:FNLPF) Share Price Passes Above Fifty Day Moving Average of $7.29 Marketbeat

18 SepMountain town of 300 residents dubbed 'best hidden gem' in Colorado - Denver Gazette Denvergazette

18 Sep8 Picturesque Towns in Idaho for a Weekend Retreat in 2024 - WorldAtlas Worldatlas

PGM & DIAMONDS

27 Mar

Explorer Platinum Creeping Closer into Lincoln Wheels.ca

27 Mar

Kylie Jenner Shows Off Platinum Blonde Hair In Racy Snap Marie Claire

27 Mar

FC Platinum, Ngezi Platinum, Bosso lead the way The Daily News

27 Mar

Super Robot Wars X Trophies Reveal Endings, Has a Platinum PlayStation LifeStyle

27 Mar

Kylie Jenner Goes Platinum Blonde Amid Claims She Wants To Be A ‘Hot’ Mum MTV UK

OIL & GAS

27 Mar

Oil tips higher as questions over Iran deal persist MarketWatch

27 MarCrude Oil Holds Near 7-week Highs London South East

27 Mar

Husky Energy Faces Canadian Charges Over 2016 Oil Pipeline Spill E&P Magazine

27 Mar

‘Single biggest change in capital markets’: China launches oil futures that could topple dollar Calgary Herald

27 Mar

3 Top Oil Stocks to Buy Right Now Fox News

OTHER METALS

01 MarKincora Copper completes prospectus for proposed listing on the Australian Securities Exchange Yahoo

27 Mar

Nickel prices trading sideways India Info Line

27 MarIndia Nickel Scrap prices drop in line with MCX Nickel Scrap Register

27 Mar

Technology shares lead US equities rebound FXstreet

27 Mar

FORECAST: Copper, nickel to outperform; zinc prices likely to peak in mid-2018 – Victorem Metal Bulletin

Contact us

Privacy policy

Disclaimer

About us

copyright 24hGold