Dave Kranzler: Spread Blows-Out Again, Paper Gold Market Is IMPLODING
by Dave Kranzler of Investment Research Dynamics The CME/LBMA latest paper derivative product – the Accumulated Certificate of Exchange aka “4GC” – is failing. Badly. After its introduction last week there has been zero trade activity in the contract: 4GC Settlement data. The contract fabricates a paper claim on 25% of an LBMA 400 oz bar for Comex participants … Read more