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Message: comex averted default thanks to deutsche bank

comex averted default thanks to deutsche bank

posted on May 24, 2009 10:13AM

jim willie lists 21 reasons we will see a systemic change ahead. this is #16:



16) A near default was averted at the Eleventh Hour when Deutsche Bank found almost a million ounces of gold to cover its (naked) short in gold futures at the COMEX at the end of March. Thanks to the Euro Central Bank, which happened to sell over a million ounces for some reason. My conjecture is that the Germans decided the time was not right to bust the COMEX. From sources, that date might be this September in a coordinated attack that requires preparations to remove the levers and kick out the pillars that support the COMEX.

http://www.321gold.com/editorials/wi...

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