Thursday, August 21, 2014

Thanks to Price Controls....

...which make it impossible for merchants to sell goods at rices that allow them to survive. Shelves can be full, but they will look like this, which is how they currently look in Venezuela, where aggressive price controls are in place:

1 comment:

  1. Heckle if you want, but be prepared for anything

    If talking about just their gross short exposure (and all of such contracts must be covered or bought back at some point), then on August 12, with $1309 gold the Swap Dealers reported holding a whopping 158,448 COMEX shorts – a huge number only rarely exceeded in COMEX history. (15.8 million ounces, $20.5b worth today.)

    20140819 Gold SD Shorts

    How is that possible, by the way? That 18 banks would be able to amass short positions in gold futures in excess of $1.14 billion each if divided equally among them? (5,850 contracts each. Really.)
    - See more at: