Loading ...They are not selling the other metals to get Phys…they are selling paper in the other metals …which is knocking them back…because the buyers are not taking phys in AG, Pall and Plat or not much anyway…..
The problem they have with Gold is that in the past , they could smash Crimex and the london mkt with paper shorts…..or in the case of london roll the sales out into the future…what I think is going on now is that the buyers are small consumers, who want the physical metal, to go under the bed ……but although they are only small amounts….there are 100’s of thousands of them….and because they want phys the sellers have to have it…..In the past as I said the sellers never delivered…..because the buyers never asked…now it is a whole new game…..
At some point the buyers may move over to get some Ag and Platand Pall….then the shorts are really ‘effed.