from KingWorldNews:
Sinclair: “I
think it’s critically important for investors to realize that the COMEX
warehouse is not going to wait for significant further declines in
their inventories before they adjust their settlement mechanism.
Yesterday we pointed out that during the Hunt crisis there was this
type of adjustment made by the COMEX Board of Directors. We also quite
clearly demonstrated that there is a strong correlation between the
present lack of supply in the gold market and what happened back in
1980.
So any further significant drawdowns on the COMEX warehouse are going to cause to the COMEX go to a new type of settlement….
Jim Sinclair continues @ KingWorldNews.com
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