Commodity Trade Mantra
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Posts Tagged ‘Gold Futures Backwardation’

COMEX Default Risk As Gold Inventories Plummet 36%

COMEX Gold inventories have plunged over 36% year to date, from 11.059 million oz to 7.034 today, creating a market more leveraged than it has been for the last 9 years. A default on delivery of gold bullion bars remains a risk, till gold remains in backwardation.

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