RE:RE:what if putin asks for commodity payments with gold?Thanks I will follow up on your suggestion. The point I'm trying to make is there is a massive liquidity crisis in the commodity markets... The market bailed out the chinese firm that was caught short for $9 billion worth of action.
Trafigura is another trader that has tapped the credit market for more than $3 billion so far... The bankers that are a good part of the counterparties to the previously mentioned chinese short position could not collect their profits cause, it would have kicked off a bankruptcy that would have domino'ed and cascaded out of control..... Taking the whole commodity market down with it...chaos is boiling just below the calm front the commodity market is posturing... A liquidity crisis is quietly being grappled with by the banksters...
the commercial gold shorts were in for what was it 30 million ozs in the last cot I looked at.... They are not immune from a devastating short squeeze...
Whether it be triggered by putin asking to be paid in gold or the mad gold buying rush of other central banks who have figured america can pull a trudeau and sanction and thereby confiscate their american dollar holdings in the blink of an eye - never mind the retail buyers and hedge funds who might be inclined to filling their knapsacks with gold and head for the hills...
It is hard to predict the future but, a gold short squeeze is one potentiality given the political chaos that has been engendered by the invasion of Ukraine...
Pressures are building and a liquidity crisis is a strong possibility.. and a short squeeze on gold and silver could send the gold price up to ridiculous heights.... Hey they're already talking of 10% inflation and $200 a barrel oil...
and the canary in the gold mine is being forcibly strangled by the central banks and bullion banks selling their paper gold on the comex and in london.... They can't keep suppressing the gold price by selling paper gold forever.... A black swan event is an imminent possibility. A day of reckoning is approaching the event horizon..
will it cross it and create a hysterical rush to buy gold and silver is the question... and the answer to that possibility - is as yet unknown