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Metanor Resources Inc is engaged in the production and sale of gold as well as acquisition, exploration, and development of mining properties. It projects include the Moroy Project and Barry project among others.

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Metanor Resources > Comex continues to cheat

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Post by tsoprano1 on Mar 07, 2016 8:29pm

Comex continues to cheat

The COMEX gold cover ratio recently hit 542 ounces of paper gold for every ounce of physical metal. Such extreme leverage is so far off into uncharted territory that it cannot be dismissed.

why on earth every holder doesn't ask for delivery is beyond me.

T

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Comment by tsoprano1 on Mar 07, 2016 8:48pm

Of course, not all of this gold is coming from exchange stockpiles. Mine production covers the bulk of demand. However, the World Gold Council reports gold demand outstripped gold supply by more than 80 tonnes in the fourth quarter of 2015. Those tonnes were, in large part, sourced from the COMEX and other exchange vaults. T

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