Commodity Trade Mantra

Posts Tagged ‘Hypothecated Gold’

The Fed Bailed Out The Comex With Hypothecated Gold

COMEX clearing members had gotten themselves to the edge of a widespread default on physical gold delivery obligations. That same day, JPMorgan transferred 177,402 troy ounces of gold into COMEX registered gold stockpiles – just enough to cover the shortfall. Did JPMorgan Chase just engage in a bailout?

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