Force Majeure at two depositories?
November 29, 2012 – 8:58 amCME Declares Force Majeure at Manhattan Gold Depository
CME announced that it’s Manfra (MBT) bullion depository can’t deliver bullion right now because of Sandy (force majeure):
http://www.fxstreet.com/fundamental/analysis-reports/gold-investments-market-update/2012/11/27/
It is highly unusual and unlikely that the true issue is a result of Hurricane Sandy. Vaults are designed to withstand every type of “act” of nature.
Somebody wants their gold and there may not be enough to deliver!
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