Damus
Telluride profile picture
Telluride
@telluride
Guys, Something VERY strange is afoot

This is the strangest thing I’ve seen seen in a loooong time.

Im being serious when I say that COMEX might not exist next month.

This price action highlights a VERY CLEAR signal the "divorce" between paper and physical.
Comex (and LBMA) prices are heavily influenced by futures (paper) contracts so when Comex crashes or drops to $78–$92 while Shanghai holds or surges to $120–$135+
it shows the paper market can be slammed independently of real-world demand.

The Arbitrage is officially broken.

Normally, a big premium would trigger massive buying on Comex to redirect to China, compressing the gap.
β€”But it's not happening.
because nobody trusts them anymore.

This week is gonna be nuts.
Buckle up.
πŸ§‘πŸ‘ŠπŸ»πŸ»
121❀️11πŸ‘€2❀️1πŸ’œ1πŸ’―1πŸ€”1
whit · 2w
Zero. Fucks. Given. What a time to be alive πŸ˜‚πŸ€£πŸ˜‚
PoWplease · 2w
https://blossom.primal.net/c33f0a43d679d53fd4273de009775df7f231abb96bcb9322d37bd439aecd6b48.png
Stacking Functions · 2w
To quote Drago: if Comex dies, it dies
CensorThis · 2w
What app is this?
roadvampireπŸ‡ͺπŸ‡ΊπŸ‡ΊπŸ‡¦ · 2w
Wait what? Both markets are open? Not a glitch?
fade2 · 2w
@hal eli5
Chiefwhite · 2w
What do you think happens this week, Tell your ride!?
Chris · 2w
πŸ‘€
Big Bad John · 2w
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