Monday, November 23, 2020

Tag: China Based LME Ready to Take on London and Comex for Control Over Gold Land …

China Based LME Ready to Take on London and Comex for Control Over Gold Land Silver Pricing

by Kenneth Schortgen, The Daily Economist:
On July 10 the London Metals Exchange, a Hong Kong based corporation, threw down the gauntlet and is entering into the futures contract arena for both gold and silver.

In a return to the futures market for the first time in three decades, the LME is preparing to take on the LBMA and its Gold and Silver price Fixing mechanisms, as well as the Comex out of New York, in waging a war over control over the pricing of precious metals.