>>>No, I am not kidding. As noted, COMEX is 16M ounces total net commercial short position (it took them weeks/months to build up this position) vs. 15.2M ounces trading per day at LBMA.
LBMA wholesale/commercial gold trading appears to be over 20 times COMEX trading, and we get no statistics whatsoever from LBMA.<<<
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
In all due respect Mark, if one (not you, of course <g>) is trading mining stocks in this country (USA) or Canada, he/she prolly doesn't know of or care much about the LBMA.... It's about the COMEX....
I think one has to go with what moves the PoG and for much of the day, it certainly isn't the LBMA, regardless of the volume done there.
I know you often think 'outside the box' and I make it a point to read your usual well reasoned posts here and at SI, but I
doubt you'll find much to hang your hat on w/r to the predictive value of the LBMA data.
I hope you prove me wrong, Mark, for we can never have too many weapons in our trading arsenal. <gg>
Good luck.
Dan