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COMEX: The March to Irrelevance

- Jim Willie CB - Hat Trick Letter

Ann Barnhardt got this one right, but the article suffers greatly for having used her. She is a hate-filled lunatic with a raging hard-on for those of the Islamic faith who goes Terry Jones one better by marking passages in the Koran with strips of bacon before ripping them from the book and setting them on fire. And that is just for starters. There are others out there beside Barnhardt who have made the same point about the Comex who do not come with the same ugly baggage she does. She properly belongs in a rubber room, pumped full of haloperidol. By citing her in this article, Mr. Willie leaves himself open to guilt by association in the minds of his many readers. So, great article as always, but a most unfortunate reference to the unhinged Barnhardt.

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Beginning of the headline : Divergence between paper gold and physical gold price is happening, the process begun.Actual physical shortages have kept the price up.The naked shorting of futures has kept the paper price down.The fraud cases and lawsuits, with no hint of prosecution, provide the levered force to create much wider divergence, as traders and entire firms depart the tainted crime scene that is the COMEX... Read More

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