Monument Mining Ltd. V.MMY

From G.A.T.A. - Gold and Silver Defaults

[romara]

Right off the wire today

Comex nears gold and silver defaults, London trader Maguire says

1:51p ET Friday, March 8, 2024

Dear Friend of GATA and Gold (and Silver):

The New York Commodities Exchange is in danger of defaulting on its gold and silver contracts as demand for delivery of metal increasingly is directed there, London metals trader Andrew Maguire tells this week's "Live from the Vault" program from Kinesis Money.

Short futures positions in the metals, Maguire says, are being destroyed by their excessive leverage amid central bank demand for gold and the realization that silver is grossly underpriced compared to gold.

The interview is 49 minutes long and can be viewed at YouTube here:

https://www.youtube.com/watch?v=o9dN1rzwMko

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
[e-mail]

.........   Richard

[tsoprano24]

Comex has been a constant pain for us gold investors. Not sure what one ounce backs now but had been close to 100 claims on it. Simply criminal. I'm glad to see this push  on deliveries.  T

[SilverNS]

Fully agree - but at the same time we have to be careful for what we wish for.

[Freddy1989Germa]

Why should we be careful what we wish for a nice crisis of 12 months and for all I care 2500 dollars gold price maybe even more would do MMY a lot of good then we can make real money for Australia Murchsion 

[SilverNS]

I fully agree, but with a higher gold price it will create a ton of crime.  You may one day not be able to walk down the road with a gold wedding band on your finger.