He says in the above article...'As a public service to
metal-heads who continue to be misinformed by not only by those
writing blogs, but also by others cluttering blog comments sections
with more misinformation confidently stated as fact, I want to take
a few minutes out of my Friday afternoon to correct a common
misconception that metals-noobs may come across:
the myth that if you have a COMEX Gold contract, the rules
allow the short on the other side of the contract to deliver you
GLD shares instead of physical gold. That is false.
Factually erroneous.'
Sorry - But he is talking trot. CFTC
Para 1...'GLD Shares - CAN - be used.... to settle...
comex contracts'
More politely - A "Kid" - who hasn't yet
grasped "People with stones & Glass Houses" should - check
facts - and - know what they are talking about
- before... throwing stones at... those who do.... "Know....
what they are talking about" LOL/
Saturn6 - appreciate the feedback. Yes, they are old posts, but
timeless in exposing the ignorance rampant in the metals conspiracy
marketing game. On your GLD point, I'm sure you know that EFP
settlements are mutually negotiated and only where both parties
agree to GLD shares are they permissible. So he is not talking
whatever 'trot' is. His point is accurate.
Kiddynamite should have pointed out the fact there is a
settlement agreement to using GLD instead of talking 'trot' by
saying it was false.
Zero Hedge reports that U.S. government dept, aka,JPMorganChase
& Co.
- rescued the New York Commodities Exchange gold contract
- from a default... this week
- with a massive reclassification of metal from the
"eligible" to "registered" category of warehoused metal.
Charlatans...
For those interested in PMs and their conspiracy bloggers: Charlatans
Posted by saturn6 on 7th of Aug 2015 at 12:11 pm
Been away and just noticed your post.
You realise that is a few years old yes?
He states...'
'and no, GLD shares cannot be used to settle COMEX contracts. that’s false. I’ve already debunked that nonsense:'
http://kiddynamitesworld.com/no-gld-shares-may-not-be-used-to-settle-comex-contracts/”
He says in the above article...'As a public service to metal-heads who continue to be misinformed by not only by those writing blogs, but also by others cluttering blog comments sections with more misinformation confidently stated as fact, I want to take a few minutes out of my Friday afternoon to correct a common misconception that metals-noobs may come across: the myth that if you have a COMEX Gold contract, the rules allow the short on the other side of the contract to deliver you GLD shares instead of physical gold. That is false. Factually erroneous.'
Sorry - But he is talking trot. CFTC Para 1...' GLD Shares - CAN - be used.... to settle... comex contracts'
Http://www.cftc.gov/files/submissions/rules/selfcertifications/2005/rul021805nymex001.pdf
More politely - A "Kid" - who hasn't yet grasped "People with stones & Glass Houses" should - check facts - and - know what they are talking about
- before... throwing stones at... those who do.... "Know.... what they are talking about" LOL/
Saturn6 - appreciate the feedback.
Posted by a_l_ on 7th of Aug 2015 at 01:02 pm
Saturn6 - appreciate the feedback. Yes, they are old posts, but timeless in exposing the ignorance rampant in the metals conspiracy marketing game. On your GLD point, I'm sure you know that EFP settlements are mutually negotiated and only where both parties agree to GLD shares are they permissible. So he is not talking whatever 'trot' is. His point is accurate.
While there may be a lot of ignorance out there...
Posted by saturn6 on 7th of Aug 2015 at 01:16 pm
Kiddynamite should have pointed out the fact there is a settlement agreement to using GLD instead of talking 'trot' by saying it was false.
Zero Hedge reports that U.S. government dept, aka,JPMorganChase & Co.
- rescued the New York Commodities Exchange gold contract
- from a default... this week
- with a massive reclassification of metal from the "eligible" to "registered" category of warehoused metal.
- Boosting Registered Gold ....By 78%.... Overnight !!
Http://www.zerohedge.com/news/2015-08-06/jpmorgan-helps-comex-avoid-gold-depletion-concerns-boosts-registered-gold-78-overnig