Loading ...Morning….re Crimex deliveries….now we begin to see what is going on and why all that Gold was shipped out of London…..Buyers of Crimex, would have bought April gold contracts, the liquid month…..then they must have swapped them for February…which is a non liquid month….when they did that their brokers will have warned them, they may get delivered ..to which they must have said no problem, that is what we want…the sellers then knew, they would have to get the gold, hence the run on London…..
What we all have to watch for now, is do we see a large open interest in March Gold build…as that means the same is happening…..