This Is The Real Reason Why The Bullion Banks Are Panicking

On the heels of the many bullion banks announcing they are leaving the Comex or greatly reducing their footprint, this is the real reason why the bullion banks are panicking.

Within hours KWN will be releasing an audio interview. Until then…

Bullion Banks Panic
May 29 (King World News) – Alasdair Macleod:  The Reuters article headed: 

“Bullion banks prepare CME pullback after virus snarl” confirmed something we were aware of at the end of March. Reuters cited “nine people familiar with the plans.”

This clearly indicating a number of banks are involved. But to blame it on the virus is a little misleading, because actually what happened is the swap dealers and market makers were heavily short and caught out by central banks suddenly changing their monetary policies to infinite printing.

Nor can we ignore the effect on the banks as a whole. Most bullion operations are trading desks in larger organisations. Senior management see what’s going on and are now terrified of their operational gearing. This is what I wrote on 2 April:…..MORE HERE

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