Marching Along

What's another couple thousand more Comex contracts between friends?

40
Thu, Jan 17, 2019 - 9:26am

It's another day in the barrel for us as the Comex metals are forcibly stuck in neutral. However, have you seen palladium today? Yes, it has fallen back from its earlier highs but it continues to soar as physical supply pressures increase.

So let's start there. Again, this is NOT about catalytic converters or the relative cost versus platinum. This IS about cracks in the fractional reserve and derivative pricing scheme. Just as in gold and silver, the LBMA/Comex manage the supply of actual physical palladium through leases, promissory notes, warrants and all the other forms of...

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