Hi All… I have been watching and trying to figure out what that multi-million oz. long position is all about as well… The problem for that long is, as I see it, there is no way it can be physically delivered and they must know that so… if/when they do try to go for delivery… COMEX will default.. go to cash only and move on… no big deal for them… They/Comex are going to HK with plans for a cash only/hedge metals product… (same as what they basically have now). … So again… what is ‘their plan’?? … Whatever their plan is… it is a billion dollar one!!
Islandgold…