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overtheedge
Member since May 2012
680 commentaries - 6 followers

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has posted a comment on the article :

Chinese Gold and Silver Exchange Has 'Almost Run Out of Available Gold Bullion' Awaits I

- Jesse - Le Café Américain

"... brazen naked short selling and highly leveraged speculation in the London and especially New York markets, ..."

What little forensic evidence I've found supports your contention for the initial events of Friday before last.

However after it appears that is was stops, close-outs and panic that took over. Weeks of sideways trading had worn out the speculators so no love was left.

I tend to think it began as an effort to free up some demands for delivery (avoiding delivery default) and then the whole shebang got away from them.

Never under-estimate the potential negative effects of a mob.

"Why aren't they also going to New York for available bullion supply at the Comex? "

Well stated. This should be the primary question on everyone's mind.

Commented 4223 days ago

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Beginning of the headline :Hong Kong's century old Chinese Gold and Silver Exchange has reportedly almost run out of gold bullion at these price levels and is waiting for imports to come on Wednesday of next week from Switzerland and London. This information is from an April 19th interview. Apparently they are not able to source from within their region which is a bit of a surprise since China is a major gold and silver producer. Gold seems to be moving from West to East. Why aren't they also going to New York for ava... Read More

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