For our regular numbnuts like yourself , can let you in on a little secret ,a little bit of smoke and mirrors goes on out there for mainstream economic legends in their own universe . here is just one example,
For instance, take the largest and most liquid futures and options contracts, CME Gold futures. The open interest on the 20/09/2016, at 100 troy ounces per futures contract, equates to 79,317,700 troy ounces. The underlying COMEX/CME warehouse stocks on 23/09/2016 were roughly 10,687,512 ounces[ii], of which only 2,165,480[iii] were ‘eligible’ for delivery.
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For our regular numbnuts like yourself , can let you in on a...
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