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Signaled by the increasing Exchange For Physicals EFP on Comex over the last few days (weeks and months), both during the night and day sessions, it is becoming increasingly evident that force majeure conditions may soon become prevalent on Comex as physical supplies for precious metals are taxed to the point the semblance of a ‘working market’ is no longer possible.
Everything is crossed over here folks.
With any luck ‘Mr Slammy’ is sent running tomorrow off the CPI number.
It may not matter what the number is if dollar deleveraging is the real reason looking for a trigger.
Have a nice day.