Loading ...Still, traders say there’s too much risk and they’d rather stay away from the market altogether at the moment, which is also exacerbating the price divergence.
“You have a bunch of shell-shocked market makers who are literally hiding under their desks and do not and possibly can not make markets in any size, shape or form,” said David Govett, head of precious metals trading at Marex Spectron. “Hence we have the lack of liquidity, the small volumes and the wide spreads.”
This tells us that no-one new is long in Europe, if the mkts are that thin and trading so little….Vols have collapsed in the US on crimex as well…so we can probably assume the same for the Far East ……which suggests these mkts will be sleepers, where nothing much happens , then prices suddenly jump or fall.