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CME urged to change PHYSICAL GOLD DELIVERY RULES amid market "BREAKDOWN"

 
Don Draper from Nantucket
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03/25/2020 11:27 AM

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CME urged to change PHYSICAL GOLD DELIVERY RULES amid market "BREAKDOWN"
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Over the past decade, one of the most fascinating observations in the world of precious metals has been the bizarre decoupling in the supply/demand dynamics and thus pricing, between paper and physical gold.

And, as we detailed yesterday, that decoupling has become extreme.

A surge in demand for physical gold - that results in precious metal vendors and exchanges becoming sold out in very short notices - has created shortages in some geographical locations that is stressing gold markets drastically.

Don't take our word for it. Even the venerable Financial Times reports that traders have reported and lamented a growing global shortage of gold bars, as the coronavirus outbreak both disrupts supply and stokes demand, "with one business comparing the frenzied buying of the yellow metal with the consumer rush for toilet roll

Last Edited by Don Of N*******t on 03/25/2020 11:28 AM
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Don Draper from Nantucket  (OP)

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03/25/2020 11:35 AM

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Re: CME urged to change PHYSICAL GOLD DELIVERY RULES amid market "BREAKDOWN"
"No matter whether they approve it or not, there are serious cracks starting to appear in the paper gold markets as the world reaches for 'money' as The Fed explicitly admits to infinite dollar debasement capabilities."
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The Rolling Stones said it best...

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Anonymous Coward
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03/25/2020 11:35 AM
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Re: CME urged to change PHYSICAL GOLD DELIVERY RULES amid market "BREAKDOWN"
Fuck those crooks.

No one trusts the CME or the LBMA.

Good luck on them getting trust back.

It will go to the Shanghei or just to physical.
Don Draper from Nantucket  (OP)

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03/25/2020 11:37 AM

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Re: CME urged to change PHYSICAL GOLD DELIVERY RULES amid market "BREAKDOWN"
Fuck those crooks.

No one trusts the CME or the LBMA.

Good luck on them getting trust back.

It will go to the Shanghei or just to physical.
 Quoting: Anonymous Coward 78022619


Truly unbelievable times we are living eh?
PLATA BITCHEZZZZZZ

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The Rolling Stones said it best...

"What's confusing you is the nature of my game"





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