Yet another idiotic “article” about Comex warehouse inventories. Wait, wasn’t the Comex going to default on deliveries 2 years ago? 5 years ago? 10 years ago? Last month? Every month?
LOL. It’s always tomorrow. Decade after decade.
They were going to default when gold hit 850 in 1980. And when it hit 200, 20 years later. And every month in between and ever since. All the way to 1900 and back to 1300.
Morons like the guy who wrote this drivel have been droning on and on about this sort of utter BS for over 30 years. I know. I’ve been trading precious metals and other futures for 40 years.
This puerile junk never fails to fool the rubes, of which there are apparently many on this thread.
It’s not about their inventories.
It’s about the fact that they have been selling contracts.
Now, they add a disclaimer to their reporting that basically says “Hey, don’t blame us, we’re not the counterparty...”
That’s as close to fraud as you can get.