Loading ...When you say hundreds of thousands taking delivery, I’m not sure what you mean and how that works. How does that effect the paper markets? Are the buyers on the Shanghai exchange and is the Shanghai getting supply from the LBMA or Crimex? In other words, if the someone is in the paper markets of the LBMA and demanding delivery, then it makes sense that supply would come out of the LBMA, but if it’s small buyers not in the paper market, why would it matter?
I maybe misspoke, I knew they were dumping paper in the other metals, I’m just not sure to what end. Silver seems obvious. Palladium, I guess now that we know they are charging 33% premiums, yikes, would seem they have troubles.
No short covering today. Maybe in the dollar, rates finished up @ 4.29% after being down to 4.22%. There has to be some trouble brewing in that market.