Commodity Trade Mantra

Posts Tagged ‘Deliverable Gold’

A Technical Correction in Dollar can put some Pressure on Gold Prices

Given the relatively small amount of deliverable gold in the market at any one time, the gold price has the potential to be extremely volatile with this level of off-market speculation hanging over it. The wider public is slowly waking up to the horrors of negative interest rates & withdrawal of high-denomination bank notes, both which will almost certainly increase demand for physical gold.

Paper Gold vs Physical Gold: Something Just Snapped At The Comex

If last month was shocking, then what the COMEX revealed yesterday was absolutely jaw-dropping. What was already a record dilution factor, with over 200 ounces of paper gold claims for every ounce of deliverable gold, just soared even more & following today’s 8% drop, there is now a unprecedented 228 ounces of paper claims for every ounce of deliverable registered gold.

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