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

• Arcadia Economics
  #DaveKranzler: #HSBC/#Gold Traders Getting Blown Out By #Fed Policy 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 #FederalReserve 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.

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