OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Could it be Deutsche Bank? From Murph tonite=

Posted by Richard640 @ 17:17 on July 9, 2019  

Do you think this change in the metals activity has to do with the Deutsche Bank blowup? Maybe like Lehman they are trying to unwind Deutsche’s derivatives book? If Deutsche is laying off 18,000 people you’d think their derivatives would be in serious trouble…

DB was always one of the mega-gold shorts. It could also explain the strange goings-on with the ETF’s and COT. If somebody else is now managing their book, or assisting in the unwind it could be the equivalent of doing spread trades in the same month. The huge ETF volume could be for securing gold to repay DB storage clients. Note too we’re hearing about countries repatriating gold again- getting the hell out of DB?

***

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Go to Top

Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.