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To: AntiScumbag
Do you personally believe that the Comex could fill all of its orders, physically, if it came to that? Or do you find that question irrelevant?
18 posted on 01/07/2009 7:13:31 PM PST by Travis McGee (www.EnemiesForeignAndDomestic.com)
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To: Travis McGee
Do you personally believe that the Comex could fill all of its orders, physically, if it came to that? Or do you find that question irrelevant?

Actually, it is irrelevant, the Comex doesn't have any "orders," they're merely the exchange, the "orders" come from longs who actually want to take delivery and pay in full.

Why is it so hard for people to understand that 99.99+% of all trades are entered into by people who have no intention of ever making or taking delivery and are liquidated long before delivery is an issue?

As usual, December came and went with no clamor for delivery beyond the routine few. 85 million deliverable ounces in Comex warehouses speaks for itself.

Like I said, this same sort of Comex garbage circulates every time gold prices are relatively high. The rest of the time, the nut-cakes circulate conspiracy theories about how evil forces are holding prices down.

20 posted on 01/08/2009 3:10:21 AM PST by AntiScumbag
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