Comex Default - 2020

[duneyman]

O.K., maybe I am being too pessimistic but what happened to the COMEX delivery delays/possible defaults that everyone was expecting last month ? Here goes more money for the silver permabull commentators but no explosive profits for us little guys ! - Again

[ascentient]

The COMEX delivery numbers for December were impressively high. They weren't enough to turn it into a physical market, but they are definitely a step in the right direction.

The question now is whether we will see more deliveries in gold/silver in Feb/March. If the bond market starts to deflate, there is a good chance that this may continue to occur. Those taking delivery are generally safe-haven investors tired of the COMEX charade. There are few other competing asset classes within that risk portfolio (Treasuries being a big one).

[PSUDave]

O.K., maybe I am being too pessimistic but what happened to the COMEX delivery delays/possible defaults that everyone was expecting last month ?

Just like most everything else on the net, a bunch of b.s. :roll:

[Ardent Listener]

Just like most everything else on the net, a bunch of b.s. :roll:


If you think that way then maybe we will kick you out of our clubhouse! ;)

I long ago stopped waiting for precious metels related predictions to come true. I have been hearing them since the 70s and very few have come to pass. I'm bullish on precious metals over the long term and I believe our money system is a scam that is in serious trouble. But I don't see its end in sight anytime soon. I fugure that precious metals are as good a place for me to put my money as any right now.

BTW, I'm not betting on the 2012 prediction too.