Loading ...Willem Middelkoop
@wmiddelkoop
·
17h
The COMEX/GLOBEX (CME) trading halt today was very suspicious 🚨
Why?
In the Comex February gold contract, the Open Interest currently stands at 4,000 contracts
This is highly unusual, as contracts open at the start of the month would normally have been delivered (or rolled over) long ago by now.
Therefore, one party still needs to deliver 12 tons of gold against this February contract—equivalent to roughly $2 billion in value at current prices.