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IPFS News Link • Conspiracies

Don't Invest In Ridiculously-Rigged Markets: Is Janet Tavakoli Right?

Panic, that's what. A global market meltdown in which a handful of huge banks (who are very, very short in the futures market) suddenly get assigned for delivery - and yet they don't have, and cannot acquire, enough physical gold to make delivery, because their open interest (in aggregate) exceeds the free supply available to trade.