8 votes

CME Declares Force Majeure at Manhattan Gold Depository

The gold floated out to sea, but we have a man in a rowboat looking for it...

"In a notice posted to its website dated Nov. 12, MTB said the firm "sustained substantial damages" following Hurricane Sandy's arrival in New York City on Oct. 29, and had curtailed its operations.

The force majeure will remain in effect until further notice from the exchange, the CME said. The delivery period for CME's December-delivery precious metals futures begins on Friday."

http://news.goldseek.com/GoldSeek/1354024800.php

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

LOL or the tungsten corroded in the seawater or

the paper IOUs disintegrated like the bearer bonds in the DTCC. Or what do you think they used the subway for while the tunnels were "flooded"?