Craig Hemke: Vault-busting gold delivery demands face Comex in December

Section:

12:10p ET Thursday, November 19, 2020

Dear Friend of GATA and Gold:

The TF Metals Report's Craig Hemke, writing today at Sprott Money, says the New York Commodities Exchange has delivered more gold in the first 11 months of this year than it delivered in the whole five years between 2015 and 2019.

Hemke adds that current positioning on the Comex implies that delivery demands for December, typically a high-offtake month anyway, may exceed 800 tonnes, which would be beyond astounding.

... Dispatch continues below ...



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Hemke asks: How long can the London Bullion Market Association and the Comex keep this up?

His analysis is prosaically headlined "Ahead of December Comex Deliveries" and it's posted at Sprott Money here:

https://www.sprottmoney.com/blog/Ahead-of-December-COMEX-Deliveries-Crai...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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