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They’ve calmed the gold market temporarily but somehow I don’t think that drama is over.

HUI looking really good yet again.

Now or anytime in the coming weeks/months when there is a lull.  Rice and/or whatever other supplies you need.  Even if it seems to be under control–and I don’t think it’s anywhere near that point yet–I doubt it will be under control permanently until we have immunity, ways to treat, cure, etc.  And that might be never.  Lulls should be used to re-stock.  Kinda like buying the dips.

The first 6-7 minutes apply to all of us, so worth the time. We are being pushed into a panic crisis depression which so far is not warranted. Some caution is in order, yes, but destroying the economy and supply chains is doing more harm and damage than the virus which is causing very few fatalities.  IMO this is about something else and this is just the cover……the magicians trick to divert our attention while he performs the magic trick.

I was thinking about buying another big bag of rice at Costco even if they give the all-clear everything is fine from Corona signal. This might be a good time to buy and re-supply before the next wave of the pandemic

The crooks scrambling to plug the holes?…….

requirements.

And so, under pressure from the London Bullion Market Association (LBMA) and several major banks that trade gold, the CME Group has reportedly changed its contract-delivery rules to allow gold bars in London to be used to settle its contracts to ease disruption to trading.

what with gold down 28…are the horrors for gold of the last 9 yrs but a distant memory or are the evil ones still lurking??

Futures Slide After Bailout Deal Struck As Schumer Says Buybacks Banned

https://www.zerohedge.com/markets/futures-slide-after-bailout-deal-struck-schumer-says-buybacks-banned

Obviously the PPT is trying to get G&S under control….as, I am sure, all the foreign PPTs where G&S are exchange traded.

https://finance.yahoo.com/quote/%5EHUI?ltr=1

Countries are starting to hoard food, threatening global trade

https://www.msn.com/en-us/finance/markets/countries-are-starting-to-hoard-food-threatening-global-trade/ar-BB11EY3M

Crimex blow up just postponed. 🙂

Yes shares looking good so far with gold down. Still quite a ways to go to recover our recent losses, but at least we’re not still falling into the Pits of Zool.

I’d love to see the US gov say something like: In order to top off our reserves we’ve contracted to buy ALL the output from Newmont and Barrick …

just daydreaming

https://finance.yahoo.com/news/premier-reports-operational-100000361.html

Just checked flights on last minute.com and there are loads of flights…..

https://flights.lastminute.com/flight/shopping/results/1eigj4fm8mneo

So there must be a real problem…..

Yeah, I was hoping for the big Crimex explosion this am.

Maybe if gold gets going up another $50 today that will trigger some shorts.

Shares not looking too bad this am

Thanks. Looks like Kitco just jumped in line with your numbers now showing gold @ $1614 down $21 or so.

The Crimex opening here could be interesting throughout the day if someone’s in trouble.

I’m actually finding GLD’s price to be the most accurate.

I now have both Spot and Apr next to each other, current Apr premium is $ 20, on spot at 1612.00

Prem has been as wide as $ 40 o/n…….

no idea why, except that the delivery problem is in NY, it is not an EFP, as u only deliver phys loco london in an EFP, the crimex Fut side settles on last delivery/final settle, either by phys, very rare or by a closed out futures, ie the opposite trade…..so any delivery problems should be in London at this stage…..

I may be wrong, but don’t think so….summat big is up.

Despite Kitco showing down $.13 @ $14.33

CNBS shows silver up 1% @ $14.41

Not such a big disparity in silver. Maybe JPM is supplying phyzz to the silver market?

I would doubt JPM would share any potential profit making venture with anyone, especially if they had the chance to break them…evil bastards.

Yep some squirrely pricing. Kitco has gold down $55  @ $ 1580 – Yikes

CNBS – futures price shows $1627 down almost 2%

GLD only down $2.40 – implying a $24 drop

edit: BTW – I want to see some bank come out and spill the beans about a failure to deliver

and this is not necessarily EFP’s, as u don’t have to deliver Crimex gold until last notice day…..more like someone has said they will take delivery and Crimex hasn’t got the Vol

ABN AMRO abandons gold investors
March 25, 2020 Frank Knopers 0 Comments
ABN AMRO leaves gold investors disappointed, as the bank closes all weight accounts for gold, silver and platinum. Approximately 2,000 customers who have precious metals in their weight account at the bank have to sell them before April 1. If they fail to do so, ABN AMRO will sell their positions at the current market price. The bank cannot guarantee that they will sell the precious metal at a favorable price.

This decision comes at a particularly unfavorable time for gold investors. At the same time the bank is pointing its customers to the exit, a run on physical gold has started. Investors who thought they were well positioned with their precious metals at the ABN AMRO can now join the long queue of people who want to buy gold now.

Weight Account
The weight accounts at ABN AMRO were transferred to another custodian back in 2013. The Swiss bank UBS took over Deutsche Bank’s role as custodian of the gold. ABN AMRO customers were informed of this by letter. Below is the letter notifying customers about the change in terms and conditions. Back then, I made some notes about the most important changes.

Customers who held physical precious metals in custody on an ABN AMRO weight account had already been warned. With the switch to a new custodian, it was no longer possible to physically deliver the precious metals. From now on, the precious metal was handled in a ‘different way’, a second warning for the attentive investor.

https://geotrendlines.com/abn-amro-abandons-gold-investors/