https://www.reuters.com/article/us-lme-precious-gold-exclusive/exclusive-lmes-gold-silver-contracts-in-doubt-as-societe-generale-pulls-out-idUSKCN1VP2H1
I'm not sure if this is really significant or not with respect to the overall gold/silver markets. Sounds like the LME has been declining...
I thought we had a previous discussion here about the warehousing (delivery) bottleneck occurring (especially with aluminum), but I can't seem to find it right now. Anyway, the news:
More: http://www.mineweb.com/mineweb/content/en//mineweb-mining-finance-investment-old?oid=162677&sn=Detail
Some interesting news out of London:
First of all LME is NOT LBMA and they don't trade precious metals, but here is what they do:
http://www.lme.com/precious/index.asp
In essence, this means: If the CME ended up buying the LME they would have even more power of price discovery in the gold...
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