Ovvero: Pararsi un po' il cul* in questo pazzo pazzo mondo di carte filigranate, iperfinanza globalizzata e picco delle risorse

venerdì 7 agosto 2015

Bloomberg: Al Comex mancano i traders


I trader disertano il Comex. Ok, è agosto ed è normale che i volumi calino ... come scrive Bloomberg il volume è un 8% in meno rispetto ad agosto scorso. Martedì scorso si è arrivati ad un 40% in meno.

Secondo Bloomberg è perchè c'è poco interesse nell'oro. 

Secondo Jesse invece è un segnale di abbandono dell'exchange americano, notoriamente manipolato a livelli da renderti il pollo da spennare della situazione se ci stai dentro. Meglio andare altrove, in mercati meno fittizzi e più solidi (nel senso che vi ci si scambia oro vero e non quasi solo contratti di carta)



Jesse's Cafè Americain - How Microsoft Lost the Browser Wars and the Comex is Losing the Precious Metals Trade
6 august 2015

(...) I also noticed an article today on Bloomberg that traders seem to be deserting the gold futures trade on the Comex. Bloomberg attributed this to 'a lack of interest in gold.'
"As gold continues to languish near its lowest price in five years, one element seems to be missing: traders.

Volume so far in August, already a slow time of year, has dropped about 8 percent from 2014. On Thursday, trading was about 40 percent below the 100-day average. With fewer participants, the metal’s volatility has tumbled to the lowest in nine months."
Yes, if you are willfully blind to what is happening in the rest of the world, I imagine that is what that is what it would seem to be.  Especially if you consider the Comex to be 'the gold market.'

It could certainly not be a lack of interest in trading on what has become The Bucket Shop run by insiders for insiders, with flagrant abuse of the market in quiet hours and obvious price manipulation.

The trade in precious metals has already moved East to more transparent, efficient, and balanced markets.  And it is not clear what could ever make it return without a thorough and far-reaching reform of the markets and the exchanges.  Bulls make money, and bears make money.  But pigs get swept into the dustbin of history.


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