The takedown Maybe I am in the conspiracy camp but some of the articles I am reading are leading me to a final outcome
comex inventories dropping dramatically
gld inventories dropping dramtically
physical demand reportedly soaring
futures market absolutely tanking
volume on comex astounding
comex open interest expanded in the collapse
cyprus solution should have seen increased demand for physical
Gold lease rates on the rise
This isn't adding up.
Heres a hypothesis which does add up to all the above.
In the cards
Comex and LBMA will default, all outstanding contracts will have a cash settlement.
Cash based off comex close which is under pricing control lol
The offtake in gld and comex inventory is physical hoarding.
Sell endlessly the futures to keep the price down, draw down the inventory then demand delivery and default the comex, it is forced into cash settlement.
Its the get out of jail free card.
What times we live in
all in my humble opinion
Good luck everyone