Yup, many are calling for a default on the crimex but like you say, they don't have to deliver. Crimex only delivers 5% of the market's physical needs anyway. The real market is the LBMA.

It could be a setup, most likely anyway. Pull physical from the market causing a supply squeeze, drive up price, build short position, dump physical, cover short position. Sound familiar? Get ready for it.....ready.........ready......