Sunday Discussion: Comex is Dead
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Week: Normal Variation Lower
By Day
* short covering rally
* long liquidation
* closed
* Squaring up
* Squaring up
* The comex futures are “impaired” (bank term). That is why noone big is trading them
*
* impaired= illiquid due to little marketmaking
* Comex is broken similarly but to a lesser extent like the LBMA
* Comex is a vault with a futures contract attached now, The whole complex is unwinding
* Thats not to say it is shutting down or it is useless. It is to say that the data is less reliable on the…
The skinny
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