Loading ...A couple days after the CME allowed clearing members to use warehouse warrants as collateral for the mandatory performance bond, the new form of collateral was implemented by HSBC.
With help from Craig Hemke (TF Metals Report) it appears as if the Comex activated a low-grade rescue of HSBC. Chris Powell at GATA believes this “hypothesis fits the decades-long practice of the international gold price suppression scheme of governments, central banks, and bullion banks. That is, to keep metal moving around so fast that it can be applied to pressure points before its real owners notice that it’s missing — to make a single ounce of gold seem to be in as many as a hundred places at once.”
cont. https://investmentresearchdynamics.com/cme-pledged-gold-did-the-comex-rescue-hsbc/