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CMX Gold & Silver Corp. (CSE: CXC) (OTC: CXXMF) Cognizant of Derivatives and Its Impact on Gold and Silver Prices; Adopts Semi-Annual Financial Reporting

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Disseminated on behalf of CMX Gold & Silver Corp. (CSE: CXC) (OTC: CXXMF) and may include paid advertising.

  • CMX Gold & Silver Corp., an exploration-stage company advancing the historic Clayton Silver Mine in Idaho, recognizes the current global dynamics regarding gold and silver pricing
  • Although derivatives have enhanced liquidity in precious metals markets, they have also skewed pricing in the physical market
  • CMX has adopted semi-annual financial reporting (“SAR”). This will help reduce the administrative and financial burden associated with quarterly reporting, allowing management to focus time and resources toward advancing the Clayton Silver Project

CMX (CSE: CXC) (OTC: CXXMF), an exploration-stage company advancing the historic Clayton Silver Mine in Idaho, recognizes the current global dynamics regarding the pricing and trading of precious metals, including silver, and is prepping itself for any uncertainties that may arise. This follows the recent dramatic price movements for silver, the result of the clash of the old plumbing of physical precious metals supply with the non-stop machine of perpetual futures.

The new increased access to derivatives has shown potential to enhance liquidity and significantly improve hedging opportunities for market participants but also creates downsides. Most importantly, it introduces the risk of heightened leverage and skewed prices. This can lead to more frequent…

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NOTE TO INVESTORS: The latest news and updates relating to CXXMF are available in the company’s newsroom at https://ibn.fm/CXXMF

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