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Craig Hemke at Sprott Money: Where have all the Comex specs gone?
11:34p ET Tuesday, May 5, 2020
Dear Friend of GATA and Gold:
Comex gold and silver open interest is collapsing, especially among speculators, while demands for delivery on Comex contracts are soaring, the TF Metals Report's Craig Hemke writes today at Sprott Money.
What explains this disparity? Hemke wonders if some bullion bank traders have been misclassified as speculators and are exiting the metals futures markets as they approach default.
Hemke's analysis is headlined "Where Have All the Specs Gone?" and it's posted at Sprott Money here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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