There is nothing more scary than the idea of proving the gold inventory. Any variance means that the vast body of paper script or contracts are hiding a percentage of naked short sales whose holders have been in possession of the cash forever.
Failed delivery means forced buyins at a damaging premium. A real shortage in physicals means buyins and apparent panic buying. What is new of course is the sudden looksee happening at fort knox. Will Trump let it happen or will it be safer to wait a long time?
understand that gold has zero to do with money and its theoretical role is now better served by yes Bitcoin so long as we have a global tech civilization.
It is also noted here that we have a massive naked short position on silver which has also suppressed that market. Gold and silver are the two markets actually open to such manipulation. That may werll be ending.
COMEX Removes Gold Contracts. Are They Scared Of London Gold Shortage?
<iframe width="853" height="480" src="https://www.youtube.com/embed/JHZijrWlywc" title="COMEX Removes Gold Contracts. Are They Scared Of London Gold Shortage?" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
No comments:
Post a Comment