Thursday, October 29, 2009
Gold Market Reaching The Breaking Point
by Eric deCarbonnel
Investors emptying COMEX warehouses
"In order to secure gold at the lowest possible price, US investors are turning to the complex, lengthy process of taking delivery of gold futures contracts. By buying gold contracts in deliverable months and wait for them to expire, sophisticated investors are emptying COMEX warehouses. The incredible hassle of trying to pry gold out of Comex warehouses appeals to investors because no other place in the US offers a price equal to the Comex exchange. Nothing even comes close."
LOTS OF GOOD INFO IN THIS ARTICLE