We Are at the Top of the Bubble – Alasdair Macleod

USA Watchdog, Released on 6/1/21

“This has gotten to a point where we can’t go any further. We are at the top of the bubble. What happens when this market tops out? The dollar goes with it.”

Alasdair Macleod is head of research for GoldMoney. Alasdair has been a celebrated stockbroker and Member of the London Stock Exchange for over four decades. His experience encompasses equity and bond markets, fund management, corporate finance and investment strategy.

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Perimetr

Questions:

Does the US Federal Reserve or any of the large “bullion banks” in the US operate under the rules set by the Bank of International Settlements? In other words, will the Fed or the bullion banks have to comply with these new rules? If not, can the bullion banks continue to use naked shorts to suppress prices of precious metals on the COMEX? 

If the new rules force the UK banks to cover their short — which would drive up the prices of precious metals — would these price rises blow up the COMEX (even if the US banks don’t have to comply with the regulations)?