COMEX gold and silver futures will become illiquid and effectively close because 74% of non-speculative liquidity comes from bank swap positions, which will be closed as banks exit the market due to NSFR compliance, leaving only producer hedging.

causalpending

Speaker

Alistair Macleod

Evidence Quote

roughly 74 of the liquidity on that side actually comes from the swaps and the balance is coming from the producers so this market is... just going to contract into an illiquid... waste of time

Source

Gold Manipulation Ending w/ Basel III | Alasdair MacLeodLiberty and Finance
Created: 8/11/2026, 1:15:22 AM

My Notes

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