Gold MarketTweet from willem middelkoop today:·
**"COMEX gold default/force majeure rumors persist: ‘Now there remains a big shortage in physical in the comex denomination so rumors are the Comex will announce a force majeure and allow banks to deliver LBMA bars instead’"**
If they allow LBMA bars this may take the pressure off for a bit - but rumors are that at the outflow rate London could be in trouble by June.
All we can do is watch to see what happens.