Loading ...We could I’m sure argue this one forever…but I would argue that even though some specs are long PM’s in dervatives, in the big picture no-one is long PM’s. specs or pro’s.
Scotia would not be closeing down it’s metal division, if metal was flying out the door, especially with their mark ups ….I was in a PM fund that is closing, due to it’s size collapsing, again if the demand was there, the fund would be growing etc.
Any move into PM’s, by the rest of the world will overwhelm current games…fractions of what is in the SM dwarf the PM mkt.