Gold Derivatives: Moving toward CheckmateVery good article to help you understand the gold derivatives market that will soon explode and will drive the price of gold to the moon.
https://www.goldensextant.com/commentary23.html
After reading about certain hedgers (ie: Barrick, Newmont, Harmony) which are gilding their hedgebooks with purchases of OTC forward contracts which doesn't require the delivery of gold, I decided to sell these guys and buy more Goldcorp which is a genuine non-hedger who is not subject to a creditor risk for the seller of the derivative.