Yesterday 28 July was the Gold Option expiry at the CRIMEX.
- Suhprise, suhprise, suhprise. The 'call' options* at and above $1100 expired worthless. You can 'see' on the 30-day chart how the 'price' was moved below the 'call' level just before expiry allowing the sellers to dodge having to deliver to the buyers [*read: instead of sellers 'losing' money by delivering Gold worth above $1100 to the buyers at the agreed upon $1100, they get to keep the call fee's while the buyers do not exercise their options by paying $1100 for Gold valued at less than $1100].
The paper claims per ounce to physical ounces on hand are 117:1.................
The markets now, all markets (not just commodities or precious metals), are Potemkin Village constructs. Rigged.
Before there can or will be any "recovery" the Banks must be restrained, and the financial system reformed.
- I'd not make book on any reform happening before the system collapses on itself.
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