The paper gold derivative open interest on the Comex continues to hit success all-time highs. This is no coincidence, as the Fed has restarted the money printing press in what ultimately will be a catastrophically failed effort to prevent the coming global credit and derivatives melt-down. The successive daily all-time highs in the stock market, believe it or not, is evidence that the wheels are coming off the global financial system.
The melt-up in paper gold contracts mirrors the melt-up in the Dow/SPX – both are frauds. Kerry Lutz me invited onto this FinancialSurvivalNetwork.com podcast to discuss the truth behind the repo programs and why the asset bubbles blown by the Fed could be getting ready to pop:
Click on this LINK or on the graphic below to listen/download the show:
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