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This is truly the craziest time for the gold market, rumours abound, calls for an audit of the Fed grow louder, chatter about revaluation of the US reserves, new ATH again today... edge of the seat stuff!

The BoE, custodian for the LBMA, is currently delaying physical deliveries of gold by 4-8 weeks, with a reported order backlog of 380M ounces. Analysts are calling this a technical default. I would be interested to hear the forum's views on this developing situation. It appears to have stemmed...