Loading ...Right … and when’s the last time the bankers (BIS, etc.) got squeezed going into first delivery?
Actually it was last month … but in terms of the last 50 years … this is a very new development that is a result of the global thirst for physical gold and silver.
Metals Daily Exchange Volume & Open Interest – CME Group
CME gold has witnessed a two-day drop of 58,000 contracts and silver has also dropped back into the buy zone in the 157,000 contracts area.
A good old fashioned short squeeze that would have previously resulted a railing of prices as open interest collapsed.
Chuckle … guffaw … spit