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Former CME CEO Refused Physical Delivery for 2 Gold Contracts!

from Silver Doctors:

Signs of extreme physical tightness in the gold and silver markets continue to intensify, with reports of banks and firms refusing their customers physical delivery of their own bullion  increasing nearly by the hour. 
The latest report comes from the CME’s former CEO Leo Mahlamed, who reportedly was refused delivery of 2 gold contracts Tuesday!
Mahlamed attempted to stand for delivery of 2 April gold contracts (a measly 200 oz), and according to reports from the floor, the CME reportedly refused to physically deliver 200 oz of gold to its former CEO, and would only provide Mahlamed a warehouse receipt!
The music appears to be stopping, and the paper game is up!

Read More @ Silver Doctors

3 comments to Former CME CEO Refused Physical Delivery for 2 Gold Contracts!

  • Hannon

    It’s just a JIT(just in time inventory) issue, there’s nothing to worry about. I’m sure he’ll be able to get atleast 10% of his gold in a timely manner by 2020 :)

  • 8Ball

    “Where’s the Beef?”

    Remember those old Wendy’s commercials with Clara Pell? Too bad she wasn’t still around, I’d pay to have her do a low budget YouTube vid with her looking into an empty bank vault… “Where’s the Gold?”

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