I was out and about most of the day.
Just charts tonight.
I will note that there was no update on the physical gold in CME associated warehouses in Hong Kong.
You may have seen the notice that CME is discontinuing a number of gold contracts including their gold kilo contracts.
Effective immediately, Commodity Exchange, Inc. (“COMEX” or “Exchange”) delisted the Gold Kilo Futures, London Spot Gold Futures, London Silver Spot Futures, and Cleared OTC London Gold Forwards (collateral margin) contracts... As a result of the delisting, information regarding the Contracts has been deleted from the CME Group website.
Are they no longer able to keep up with the offtake of gold there?
This strategic retreat is one way to avoid the soft default of a 'failure to deliver.'Curiouser and curiouser.
Have a pleasant evening.
