Loading ...This article is about the April gold settlement we just had and it calmly states a huge number of the 64 K plus deliveries were cash settled,,,not delivered,,,,in other words Crimex defaulted….I have seen no mention of this anywhere else…if true it is a monster fact….and with demand staying strong, we could be days/weeks away from serious panic ….it should be all over the news…can you or anyone else confirm it…..
The CME Comex is a key marketplace for trading futures in gold, silver, and other commodities, where contracts can also be converted into physical metal through delivery.
Typically, open contracts decline sharply before delivery starts, but this time, positions unexpectedly surged and were then largely cash-settled instead of delivered, raising speculation about potential behind-the-scenes shortages and high incentives for cash settlement.