2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 421.29

-0.5%

Jan 16 4:00 PM EST

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To: TobagoJack who wrote (166640)	1/3/2021 12:48:40 AM
From: Follies	1 Recommendation Recommended By Julius Wong Read Replies (1) of 219497

Yes it is cerebral and beyond anything we have seen in 50 years. I don’t believe it is short sellers covering but I don’t know how else to describe it other than buyers and no sellers. Yes the CME allows you to short the contract and every contract that is in the Open Interest has one side that is short, zero sum. But the contract settles in cash not BTC so you can’t take delivery and receive BTC. Parties that actually need BTC can hedge their position with the CME contract but that can’t actual get the BTC to fulfill. That has to go through Coinbase or one of the other exchanges. There are so many buyers and so few sellers that it could explode and go asymptotic. Reminds me of what happened to the oil contracts 9 months ago in reverse. I lost some money there, not in the CME but in USO. The CME technically stands behind the contract if the counter parties fail, but the CME may have to halt trading permanently if BTC goes to a billion or someplace before that.

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