by David Schectman, MilesFranklin.com:
In today’s Featured Articles section in our newsletter, the featured topic is China’s insatiable demand for physical gold. This is the game changer. The link between the highly leveraged paper (Comex) gold and the physical gold that is flowing east is weakening by the day.
Check out what is happening on Comex. They have very little gold to deliver against a huge amount of contracts. How this plays out will be interesting. Harvey Organ sent Andy Hoffman his data on the OI (open interest). Below, are Harvey’ comments and Hoffman’s comments…
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