The DEATH OF FINANCIALIZATION: the DECONSTRUCTION of the GOLD REHYPOTHECATION based carry-trade that has underpinned financial markets for DECADES is here!


Upon seeing Comex OI make new lows as Gold made new highs with China activity surging (domestically as well as in Shanghai) serve as an important signpost on the path to Comex pricing’s diminishing importance, and with it, Global de-dollarization accelerating.

The Bottom Line: Gold’s new highs now and going forward will come at direct injury to Bullion Banks, the Comex franchise, and USD hegemony. Too many events are converging on this to ignore anymore.