As we round out what was a relatively quiet week in the gold and silver markets (at least compared to what we’ve seen throughout most of 2024), the big news on Friday was CME’s launch of 1-ounce gold futures, and the November labor report.
Could it be that the CME is anticipating surging demand from an awakening retail sector and is setting up the 1oz contract to soak up at least some of it? The scam continues. Smells of desperation? Is silver next?
Could this signal that the comex is fighting for its life? Great read Chris. Thank yiu!
I don't get the feeling that's the case there right now.
Could it be that the CME is anticipating surging demand from an awakening retail sector and is setting up the 1oz contract to soak up at least some of it? The scam continues. Smells of desperation? Is silver next?
I think that's possible. I would imagine they're a little surprised by the lack of reaction to the gold rally as well.