après l'excellent article de Ronan Manly
https://www.bullionstar.com/blogs/ronan ... tatistics/http://jessescrossroadscafe.blogspot.fr ... ining.htmlhttp://jessescrossroadscafe.blogspot.fr ... ories.htmlAs I have said on a number of occasions, I am not looking for a 'default' in NY. How can one default when forced settlements in cash can be easily accomodated at the Fed's window at any time?
No, the first cracks in the facade of the modern Gold Pool will appear in a key node of the physical market, most likely in London or Switzerland as fails to deliver. Perhaps even in Shanghai.
Ne suivez plus le "prix", suivez le flux.