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The COMEX will default in the next week or several weeks
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<p>[QUOTE="medoraman, post: 1697747, member: 26302"]Interesting. However, I would venture that the author is not taking into account how much of this gold was sitting there only because of the "bull market". Look at the graphs, there is still DRAMATICALLY more gold in the warehouses than 10 years ago. I wonder what the interaction between the bull market and such huge increases in inventory were to begin with, and now. I simply believe the author is very quick to jump to "they do not trust the COMEX warehouse" conclusion. If they didn't trust the COMEX warehouse, why did owners increase its stockpile by 800% in ten years?</p><p><br /></p><p>Interesting articles, and I thank you for them, I am just stuck with some questions about it, and believe the writer of the article is pretty quick with some conclusions he wishes to draw. Could it be some long term holders of gold only put them in the COMEX to profit from the bull market run, and now believe its over so taking redelivery?[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1697747, member: 26302"]Interesting. However, I would venture that the author is not taking into account how much of this gold was sitting there only because of the "bull market". Look at the graphs, there is still DRAMATICALLY more gold in the warehouses than 10 years ago. I wonder what the interaction between the bull market and such huge increases in inventory were to begin with, and now. I simply believe the author is very quick to jump to "they do not trust the COMEX warehouse" conclusion. If they didn't trust the COMEX warehouse, why did owners increase its stockpile by 800% in ten years? Interesting articles, and I thank you for them, I am just stuck with some questions about it, and believe the writer of the article is pretty quick with some conclusions he wishes to draw. Could it be some long term holders of gold only put them in the COMEX to profit from the bull market run, and now believe its over so taking redelivery?[/QUOTE]
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The COMEX will default in the next week or several weeks
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