i think thats a thing that was true that is less true now - in terms of issued contract sizes
comex is undeniably used to manage silver and gold metal pricing by US investment banks.
but i read recently gold comex contracts were more than 100:1 ratio to physical holdings at LBMA/Comex 4-5 years ago - and now that ratio is down to 3:1. Expect silver has similarly decreased
so market structure has clearly altered and is far less eggregious than it was
and even though its still net overleveraged with paper - it doesnt mean metal prices wont rise,
- we've just seen ~12 months at the 2nd highest price range for paper silver since comex was created. Gold went from 1300 to 2100 in ~3 years
many pundits ignore that
a) that banks and other big players are long physical holdings - so if short on net contract exposure - they can be neutral or long net implied position
b) producers and smelters are hedging future output - and those futures arent directly 'manipulation'
