Replies to post #39462 on ~*~Mining and Metals Du Jour~*~

[the cork]

Gold $1700. That's BIG. The rats are jumping ship.

There's a whole lot of NOTHING going on - while they wait for the fed's obligatory fart.

Yawn.

[silver_bars]

RE: Major Paper Gold Pusher call it quits ...

https://www.reuters.com/article/us-metals-bank-of-nova-scotia-exclusive-idUSKCN22A2ZC

From Roy Sebag from 5 weeks ago ...

1/2 I’ve received some important information relating to what’s going on in Gold markets. Today, some banks failed to deliver physical in the comex bar EFP. As a result, these banks suffered large losses which will soon be announced. They’ve also decided to exit the comex market...

1/2 I’ve received some important information relating to what’s going on in Gold markets. Today, some banks failed to deliver physical in the comex bar EFP. As a result, these banks suffered large losses which will soon be announced. They’ve also decided to exit the comex market.

— Roy Sebag (@roysebag) March 24, 2020

2/2 Now there remains a big shortage in physical in the comex denomination so rumors are the Comex will announce a force majeure and allow banks to deliver LBMA bars instead. This should be announced imminently...

2/2 Now there remains a big shortage in physical in the comex denomination so rumors are the Comex will announce a force majeure and allow banks to deliver LBMA bars instead. This should be announced imminently.

— Roy Sebag (@roysebag) March 24, 2020

Looks like his intel was good.