Loading ...The weak link in the Rig is physical Pm’s, they are running out of physical…China and India between them took over 2500 tonnes in 2017, on a conservative basis. Without China the World produces 2700 tonnes…..that doesn;t leave much for anyone else. Plus the heavy odds that all those PM ETF’s are all paper backed.
Plus somewhere are all those millions of contracts, the Rig has taken on in all the mkts, someone may squeal.
At some point it has to blow….when and why is the trillion dollar question and will we all be around still…..