CME Urged To Change Physical Gold Delivery Rules Amid Market „Breakdown“ | Zero Hedge

Truth2Freedom's Blog

…under pressure from the LBMA and several major banks that trade gold, the CME Group has reportedly changed its contract-delivery rules to allow gold bars in London to be used to settle…

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And, as we detailed yesterday, that decoupling has become extreme.

A surge in demand for physical gold – that results in precious metal vendors and exchanges becoming sold out in very short notices – has created shortages in some geographical locations that is stressing gold markets drastically.

Don’t take our word for it. Even the venerable Financial Times reports that traders have reported and lamented a growing global shortage of gold bars, as the coronavirus outbreak both disrupts supply and stokes demand, „with one business comparing the frenzied buying of the yellow metal with the consumer rush for toilet roll.“

Yesterday, Saxo Bank’s head of commodity strategy, Ole Hansen, observed that a lockdown is occurring in two biggest…

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Autor: uwe.roland.gross

Don`t worry there is no significant man- made global warming. The global warming scare is not driven by science but driven by politics. Al Gore and the UN are dead wrong on climate fears. The IPCC process is a perversion of science.

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