Seeking Alpha

Katchum's  Instablog

Katchum
Send Message
Albert Sung is the author of Correlation Economics, monitoring breaking economic news on a day to day basis. He started investing in 2008 because of the economic crisis and holds a masters degree in chemical engineering. Previously, he worked several years as a process engineer at Ashland, a... More
My blog:
Correlation Economics
  • J.P. Morgan COMEX Gold Unwinding Continues 2 comments
    Jan 28, 2014 3:47 PM | about stocks: GLD

    Remember when I posted this here about the COMEX unwinding?

    It is continuing and it's again J.P. Morgan who is unwinding. At this rate, I give it until mid March 2014 until it implodes.

    Stocks: GLD
Back To Katchum's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (2)
Track new comments
  • The_Hammer
    , contributor
    Comments (4264) | Send Message
     
    <<I give it until mid March 2014 until it implodes.>> what is your thoughts on what happens when it implodes?
    28 Jan 2014, 08:18 PM Reply Like
  • Katchum
    , contributor
    Comments (556) | Send Message
     
    Author’s reply » Then things happen like the potato default of 1976. The COMEX can't deliver futures contracts and everything implodes. Willem Middelkoop estimates a $1000/ounce rise in a matter of days if it happens. And gold hub center will be traded in China instead of COMEX.
    29 Jan 2014, 02:14 AM Reply Like
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.