Commodity Trade Mantra

Posts Tagged ‘COMEX Counterparty Risk’

Did COMEX Counterparty Risk Just Reach A Record High?

The turning point appears to have been the downturn in oil prices as traders began to hedge their counterparty risk in massive levered derivative positions tied to commodities. And it is not just banks… we suspect so is COMEX’s…The ‘claims per ounce of gold’ deliverable at current prices has spiked higher once again, to 126:1.

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