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DownWithPumpers

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DownWithPumpers

Re: fazlice post# 45215

Wednesday, 12/02/2015 1:06:27 PM

Wednesday, December 02, 2015 1:06:27 PM

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www.silverdoctors.com/december-deliveries-comex-conundrum/

That article, and the zillions of others like it, is 100% nonsense. There's enough gold for everyone who wants to take delivery. Always has been. Always will be.

Lots of people speculate in the price of gold, Most don't want to take delivery and have to pay to store gold in a vault.

That's the purpose of the futures market.

Most producers are not selling their production into the futures market because they are hoping the price will go up.

Most sellers are not buying in the futures market because prices are tumbling.

That means most futures traders are speculators, not people who want to own physical gold.
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