The shakedown of the Standard Chartered and unallocated versus allocated gold and silver bullion - Max Keiser with Ned Naylor-Leyland

Max Keiser and Stacy Herbert discuss new developments in the shakedown of the Standard Chartered Bank – the City is firing while the Street is hiring. Max and Stacy look at some of the city’s help wanted ads, and examine the unusually small head of JP Morgan’s chief executive. In the second half of the show, Max Keiser talks to Ned Naylor-Leyland of Cheviot Asset Management about unallocated versus allocated gold and silver bullion, and how permanent backwardation could be an omen of a total meltdown in the precious metals market.
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