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Vitaly Polovin's avatar

I hear that the COMEX will need to be Basel 3 compliant by July. Which is two months from now.

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David Perez's avatar

It seems like no one knows any details on the implications of the ramifications of the implementation date. Lol. But seriously… Tic Toc

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shengen's avatar

LBMA just posted denial

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dale's avatar

"Lit fuses, crisscrossed in the night." JW

"Lit fuses crisscrossed in the night." JW

Dear God,

Are you flicking giant matches at our planet? Please stop. Thank you, er, Amen.

Stunning report as usual. Always a great read, provided one suffers no heart issues. Agree with the other comments; BASEL III is relevant. And though we've raced by past milestones, the timer on this doomsday device is counting down. Which wire to cut?! The gold one? The silver?

Your two closing sentences, rhetorical questions, or literal as well. Why sell silver after QE to Infinity (and beyond)? Maybe to hold gold down, delaying the Great Keynesian Fiat Explosion. Buying time with cold hard cash?

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xingchen's avatar

Why is the total inventory of COMEX gold declining rapidly?

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Ol' Doc Skepsis's avatar

I agree with Vitaly - everyone should have Monday 30 June flagged in their calendar as B III Day.

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