Loading ...Looks like we can all go home…the parameters are defined and gold is in its box for the day…
R640
My guess is that it is GLD gold that is stored in the same vault and they just moved it across a line, so that it goes into a Crimex vault, from an HSBC one. That is all u have to do, if the metal is in the same vault.
It will be done to scare off the longs…..one thing is for sure no-one has that quantity hanging around doing nothing, ready to deliver to anyone that wants it….they better be careful though, as Vlad might just snap it up.!!!!!!
commish @ 8:20
LOL That’s for sure. If you watch too much news the virus virus virus story will drive you crazy!
Is this true? Does it have any connection to the futures price? Could this be gold not for sale? anybody got an idea?
If the Comex and its numbers are legit, there is absolutely no reason for them to have to put up 400 ounce bars (celery, bananas, a piece of paper) as a delivery product. Let the price rise to ration supply. Mark Lundeen checks in…
COMEX Gold Inventories at Record Highs (Shocking!)
Hi Bill
COMEX gold open interest is plunging.
But gold inventories held at COMEX storage facilities (below) are at record highs. Curiously this spike in gold inventory happened during the weekend, an increase of six million ounces since last Wednesday (April 1st):
April 1st: 9,948 million ounces
April 6th: 15,911 million ounces
I don’t know what it means, but it has to mean something. Maybe some Café members would like to take this subject on for further comments.
Mark
Richard640 @ 8:10
When have they ever told the truth?
Answer: Never — it’s all false promises.
Cheers
U think this is true?”Comex-approved warehouses in the north-eastern United States meantime report record levels of gold bar inventories,
[and if true does it have any influence on the current gold rally?]
Today’s gold news. It’s never a good time to be buying when demand has already – temporarily – spiked:
with stocks now including kilo and also 400-ounce London Good Delivery bars, as well as bars meeting the Comex’s 100-ounce specifications.
Trading volumes through London’s bullion market last month rose more than 85% from March 2019, according to figures shared with BullionVault by LBMA-i data providers Nasdaq.
Primarily vaulted in London, gold-backed ETF products needed some 3,165 tonnes of bullion by this time last week says data from the mining industry’s World Gold Council – a new record and 4.3% above end-February levels, driven by US investment demand.
In contrast, gold bullion bars landed in China – the world No.1 consumer market – today traded $20 below London quotes, as poor demand and ample supply conspired with a weak Yuan to extend Shanghai’s near-record discount.”
This is lousy action-June gold came all the way back, was up $8 to 1692 and was smacked for $13
& today silver is weak…no other mkt trades like gold…nothing is easy…most technical breakouts reversed for no macro reason etc etc
From Mr Copper Apr 7 @ 11.27
Still, traders say there’s too much risk and they’d rather stay away from the market altogether at the moment, which is also exacerbating the price divergence.
“You have a bunch of shell-shocked market makers who are literally hiding under their desks and do not and possibly can not make markets in any size, shape or form,” said David Govett, head of precious metals trading at Marex Spectron. “Hence we have the lack of liquidity, the small volumes and the wide spreads.”
This tells us that no-one new is long in Europe, if the mkts are that thin and trading so little….Vols have collapsed in the US on crimex as well…so we can probably assume the same for the Far East ……which suggests these mkts will be sleepers, where nothing much happens , then prices suddenly jump or fall.
Metals Guy
Very good video. I like how he puts it all together. We need more people like him in gov. so they can’t be ganged up on by the lap dogs. If I was in his state Id vote for him. This is a 101 for those who haven’t been informed or know somethings wrong but don’t know where it’s coming from.
Silver Train
The California Zephyr rolls along the
Truckee river in the Sierra Nevada mountains.
https://railpictures.net/photo/727710/
HYDROXYCHLOROQUINE
there was a joke going around a while ago about how if trump were to find a cure for cancer, the left would find something nice to say about cancer.
…it begins to look like it wasn’t a joke.
Richard640 @ 19:59
I think it’s the gold price. When it looks like $1900 plus is for sure MUX and a myriad of other juniors will take off — especially if they are heavily shorted like MUX.
Cheers
Captain-I’ve heard about that great manager for years [MUX]-I made some good money last spring
on some MUX $2 calls…but MUX didn’t perform well…and now it’s 78 cents…what’s it gonna take to get it back to its $4.44 price in 2016 besides gold going to 2000 or 2500 when all boats will be lifted?
Apparently u have faith in its future…usually a great manager is key to a miners success
All I can say is
WHOS TURN IS IT?
NG
Thanks Capt!
Yes, NG was a great ride.
Cheers
NG
Gate…s
Stands to make who knows how much money investing in a vaccine… but certainly not a hero. If he could get away with it he’d get it mandated and force it on people including chips. Even talking about certificates or proof of having it before you can travel.
He has Fauci in his pocket who then caused the questions and resistance about the Hydroxychloroquine that caused some of the demos to prevent doctors from giving it. So are demos in on cashing in on it too? There was a doctor in Utah who put a tweet out he couldn’t order it and the pharmacy said the state took it over.
What’s a few million deaths if they can make money off the vaccine.
They’re trying to take over Trumps authority and ours constitutionally.
I hope that another company he’s not invested with gets the patent for the vaccine. Won’t that be a hoot.
Gate is a tax evader while he’s at it.
Before Trump opens the economy he should have a meeting with both republicans and democrats along with medical teams.
Demos are predictable. If he releases the economy back up everyone who gets sick after, they will blame him from opening it too soon. If he waits any consequences to it he will be blamed. So they should have some skin in it. That they will also be a problem with them because they can’t agree on anything. So he can let their states stay closed let them deal with the consequences and open the others up that agree.