ALASDAIR MACLEOD: BULLION BANKS STILL STUCK WITH MASSIVE SHORT GOLD POSITION ON LBMA, GOLD PRICE RISE COULD STIMULE A CRISIS IN PHYSICAL MARKET IN LONDON!
AUGUST 3, 2013
Alasdair Macleod & Bill Murphy joined The Doc this week for a special episode of the SD Weekly Metals & Markets.
Bill & Alasdair gave an extraordinary interview, and discussed:
The cartel’s shift to attacking the metals pre-emptively prior to the release of the FOMC/NFP reports to prevent break-outs to the upside.
The implications of the spiking 10 year Treasury bond with over $400 Trillion in interest rate swaps held by the major banks- would the banks be able to handle a rise in Treasury rates?
1,300 tons of custodial gold held by the BOE (likely owned by France, Italy, & Spain) likely leased out onto the market over the first half of 2013 were required to prevent a systemic financial collapse in the wake of the Cyprus bail-in due to collapse of confidence in the banking system throughout Europe.