The real reason that the big boys are exiting the market is that the game of musical chairs is about to end. They do not want to be left holding the bag.
Contracts will come due in the PM markets and there will be nothing (physical) available to deliver.
I expect a major crash is coming our way.
How many of the dead bankers were Barclays?
(I honestly can’t recall)
Contracts will come due in the PM markets and there will be nothing (physical) available to deliver.
The old “paper gold” trick. I’m sorry but we do not have real gold so we will redeem your account (something Corzine wouldn’t do) with cash redemption at a price that we will determine .... and of course, read the fine print, you will accept it and like it.