(by Half Dollar) Yes, it’s too early to say whether the corrupt, fraudulent US paper gold & silver “market” is going the way of the Dodo bird right now.
And no matter what you hear, read, or see, only a very small number of people actually know what is actually going on, and that’s not information that’s given up.
Period.
Nonetheless, from the SEC (bold added for emphasis)
On April 29, 2020, Chicago Mercantile Exchange Inc. (“CME”), a wholly owned subsidiary of CME Group Inc., entered into an amendment (the “Amendment”) to its 364-day multi-currency credit facility (the “Existing Credit Facility”) with Bank of America, N.A., as Administrative Agent, Citibank, N.A., as Collateral Agent and Collateral Monitoring Agent and certain of the existing banks under the Existing Credit Facility. The Existing Credit Facility as amended by the Amendment is referred to as the “Amended Credit Facility.”
The Amended Credit Facility is for a multi-currency revolving secured credit facility of $7 billion (which is eligible to be increased to $10 billion) and is intended to provide temporary liquidity to CME in the event of a clearing member default, a liquidity constraint or depositary default, or in the event of a delay in the payment systems utilized by CME. Clearing member guaranty fund contributions and performance bond assets deposited by clearing members can be used as collateral under the Facility.
The foregoing description of the Amended Credit Facility is only a summary, does not purport to be complete and is qualified in its entirety by reference to, and should be read in conjunction with, the complete text of the Amended Credit Facility, which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.
Developing…