In his most recent post about the Comex and gold delivery numbers, Craig Hemke includes the following quote from when gold futures trading was being originated in 1975.”…Remember, precious metals futures contracts were explicitly designed to draw interest away from the ownership of physical metal. Additionally, the “expectation was that large volume futures trading would create a highly volatile market” that would scare off large scale physical investment. See for yourself in this cable dated 12/10/74—three weeks before gold futures began trading on 1/1/75: https://wikileaks.org/plusd/cables/1974LONDON16154_b.html

Craig HemkeThis article focuses on gold but it is even more pronounced for silver trading on the Comex as has been previously documented by him and others such as Ronan Manley. The bottom line is this. The manipulation has gone on for over 45 years. The reason why it isn’t going to continue for much longer is because first, circumstances changed, and as a result, the Comex changed their rules and procedures to try and overcome the building pressures. It worked for a year but the continued increase in amounts demanded for delivery is about to overcome the exchanges and the manipulation is finally going to end with a bang. Sharply higher prices are next.