Dave Kranzler: HSBC/Gold Traders Getting Blown Out By Fed Policy

Arcadia Economics, Released on 5/17/20

At this point, it’s probably a good time for a quick review. As we’ve talked about on the show for years, the bullion banks have been selling gold and silver contracts for which they don’t have the metal to deliver. Now the gold price is rising, as the Federal Reserve has embarked on a hyperinflation campaign, and rather than showing any signs of slowing down, is amazingly getting ready for more.

So perhaps it comes as little surprise that HSBC reported it lost $200 million on a single day in the gold market. And given the Fed’s current policy, it’s likely that won’t be the last story of that nature that we’ll hear about. To find out more and stay ahead of what the rest of the market won’t notice until it’s too late, click to watch the video now!

Dave Kranzler spent many years working in various Wall Street jobs. After business school, he primarily traded junk bonds for a large bank. Dave graduated from Oberlin College with majors in Economics and English and he also has an MBA from the University of Chicago, with a concentration in accounting and finance. Currently, he co-manages a precious metals and mining stock investment fund in Denver. He has nearly thirty years of experience in studying, researching, analyzing and investing in the financial markets. His daily articles can be found at his site, Investment Research Dynamics.

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