"Senators disturb us by reminding us of the possibility of large numbers swarming from China; but the answer to all this is obvious and very simple. If the Chinese come here, they will come for citizenship or merely for labor. If they come for citizenship, then in this desire do they give a pledge of loyalty to our institutions; and where is the peril in such vows? They are peaceful and industrious; how can their citizenship be the occasion of solicitude?"
Senator Charles Sumner, 1870
10 July 2013
COMEX Gold Inventories - A Towering Citadel of Paper
Lower and lower, to new record lows.
Weighed, and found wanting.
Who is running this sideshow?
And where will it end?
Let's take a closer look at today's gold market action on the COMEX...