LBMA-COMEX collusion intensifies as CME approves 267 LBMA gold and silver bar brands

By Ronan Manly

LBMA-COMEX collusion intensifies as CME approves 267 LBMA gold and silver bar brands A few weeks ago, in a very stealthy manner, CME Group in coordination with the LBMA, massively expanded the lists of approved gold and silver bar brands that can be delivered against the flagship COMEX GC 100 gold and SI silver contracts.

While this signals gold and silver bar delivery constraints at the COMEX, that is only half the story, as the real intention of these changes appears to be to line up gold and silver bars in the opaque London vaults against GC 100 and SI delivery requests. Continue reading.