Comex Update: 400oz Gold Contract Cancelled; Silver Demand Strengthens - SchiffGold.com
Comex Update: 400oz Gold Contract Cancelled; Silver Demand Strengthens - SchiffGold.com
Source: SchiffGold.com
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DW NOTE
The COMEX is discontinuing its 400-ounce gold contract — the one retail buyers actually use — while leaving the 100-ounce wholesale standard untouched. Convenient timing: gold is down 21.6% from its January high, silver off 46.3%, and the exchange decides now is the moment to reduce accessibility for small participants. When an exchange removes the retail on-ramp during a drawdown, it's worth asking whose liquidity they're protecting.