The Great Credit Unwind! - Bill Holter

``Japan's new policy of negative interest rates followed by new Fed trial balloons of same speak volumes about "stress"... Another area of stress is change in the action on COMEX... the deliveries we saw were some FIFTY PLUS days after the delivery period began on Dec. 1st! Are they really allowed to wait 55 days to make a delivery? ... it makes no sense whatsoever to not make a delivery on day one or two because the storage costs must be paid. I absolutely stand by the most obvious reason not to deliver is because the gold was not available...''