http://jessescrossroadscafe.blogspot.com/2014/01/comex-warehouse-potential-claims-per.html
An almost shocking decline in deliverable (registered) gold has taken
the ratio of open interest to deliverable gold to 112 to 1.
This is not a default scenario since the supply of eligible gold in the
warehouses remains adequate and at historically manageable levels as
shown in the last chart below.
Rather, it suggests that higher prices will be required to persuade more
bullion owners to place their inventory up for delivery.
No comments:
Post a Comment