It was another epic day for the Comex digital metals as CDG surged by more than $100 and CDS rallied $1.13. Reports are circulating of extreme physical tightness...even at the wholesale level...and this is prompting all sorts of new trading/hedging issues and "sell-only" restrictions.
Could this be the start of the long-awaited crash of the Digital Derivative and Fractional Reserve Pricing Scheme? Probably not. However, the chances of The Banks finally getting forced out of the bullion business is definitely NOT zero at this moment. We'll just have to wait to see what the rest of...
