TFMR Podcast - Thursday, January 30
With TF 47 Comments | 24 Likes It was another wild day as prices rose steadily in clear violation of The NEEEE Rule. But there's good reason for Comex prices to be rising as it's clear that London is having serious trouble making timely delivery of gold. If settlement is supposed to be 2-3 days and not 4-8 weeks, does that place London into a technical default? Maybe. I guess that depends upon how you look at it...
With TF
It was another wild day as prices rose steadily in clear violation of The NEEEE Rule. But there's good reason for Comex prices to be rising as it's clear that London is having serious trouble making timely delivery of gold.
If settlement is supposed to be 2-3 days and not 4-8 weeks, does that place London into a technical default? Maybe. I guess that depends upon how you look at it...
