GOLD 0.51% $1,391.7 gold futures

They can't do what happened in March 2020 mate. The system...

  1. 10,232 Posts.
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    They can't do what happened in March 2020 mate. The system almost broke because the Banks shorting the metal rely on Futures traders selling their contracts. In 2020 They stood for delivery because there was next to no supply because of the lockdowns the Mints were closed.
    This is why the game has changed in that any flash crashes exposes the shorters for delivery if futures become too backward dated to spot. This is why we see orchestrated grind downs as their aim is to prevent futures backwardation. If gold gets too far ahead of itself then they will have more ability to hit it harder.
    The game is simply getting tighter and tighter.
    We'll just have to wait and see what their next move is.
 
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