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Posted by ipso facto @ 19:07 on December 1, 2022  

Bernie! I thought they were hiring SBF!


Posted by Maddog @ 18:20 on December 1, 2022  

Re new GLD custodian

I guess they gave the job to JPM, because Bernie Madoff is still indisposed.

ipso facto @ 15:55 Agreed, Corruption Everywhere, To Keep The Game Going

Posted by Mr.Copper @ 18:12 on December 1, 2022  

I was just looking at some charts, and the USD was on rocket fuel all thru 2022, and all they could manage, the best they could accomplish was Gold down to $1,630. Har har hardy har har. LOL. And silver down to $18 but none available at that price.

Gold too about $150 $200 over spot. I’ll bet the banks and gov’ts that bought gold during that dip, that started in March at $2,060, must have been disappointed it didn’t go any lower. And if they delayed buying for a lower price, now they got locked out or have to chase it.


Posted by Buygold @ 17:05 on December 1, 2022  

Spot closed right at the $1801 area – futures up to $1817.

Assuming the Adens use spot?

Good day today, jobs report tomorrow, if they’re going to get us it will likely be tomorrow. We’ve had a good little run, especially with the SM down.


Posted by ipso facto @ 16:00 on December 1, 2022  

If you are very quiet and listen you can hear the faint sound of the silver shorts screaming.

Mr.Copper @ 14:48

Posted by ipso facto @ 15:55 on December 1, 2022  

I think your post is prophetic. SBF may end up looking like a midget next to the fraud perpetrated by GLD and the gold custodians. Their paper work says that they don’t have to actually have the gold but may have derivatives etc. IMO they are up to their necks in the gold suppression scheme.

I’d be amazed if it’s actually all there!

ipso facto @ 14:00 re Gold Storage In London

Posted by Mr.Copper @ 14:48 on December 1, 2022  

Thats pretty interesting. All the Americans that bought GLD contributed USA money to send Gold (financial insurance) to London. I wonder if Brexit, separating London from Europe had something to do with safety of the stored gold.

When they outlawed gold in the USA I read that many Americans shipped their US Gold eagles to Europe to avoid giving it up here. Even during the ’70s PM bull market a big dealer here told me everything they took in from the local people, went to the docks in NYC and shipped overseas.  Amusing.

The price action that we’ve seen, and my instinct suggests Gold is going to fly right by $2,000/oz soon. Crazy highs and crazy lows have been common.

Some day GLD might end up like Bitcoin and FTX when all the big depositors try to take out or withdraw their holdings and store it somewhere else.

JP Morgan gets into the gold storage business … they’re trustworthy … right?

Posted by ipso facto @ 14:00 on December 1, 2022  

HSBC will have to share custody with JPMorgan of $52 bln in gold bars

LONDON, Dec 1 (Reuters) – JPMorgan will join HSBC in storing bullion for the world’s biggest gold-backed exchange-traded fund (ETF), the fund’s operator said on Thursday, ending its rival’s sole guardianship of the $52-billion stash of gold.

The change, which begins on Dec. 6, is a boon for JPMorgan, which could rake in millions of dollars of storage fees.

HSBC had been the sole custodian for SPDR Gold Trust, also known as GLD, since it launched in 2004. The bank currently stores about 910 tonnes of gold for GLD in London — around a quarter of all the gold held for ETFs globally.



Posted by Maddog @ 12:27 on December 1, 2022  

Turns out $ 1800 is a big number/area…we have the Adens 23 month Av at 1790, their 65 week av at 1801 and the good old 200 day av at 1797

and of course the scum at $ 1800

Gold ETF GLD up 1.5% Spot Gold up 3%

Posted by Mr.Copper @ 11:23 on December 1, 2022  

I just checked a big online dealer, Gold Eagles in bulk a 20 ounce roll are charging $205 over spot. Amazing AU was at $1600 in Sept Oct and early Nov, merry xmas from Jay Powell, and suddenly its $1816 + $205 = $2,021/oz.

Junk Silver bags $1,000 face value? $22,666. Thats $22,66 for one dollar face. Or $31.70 per oz. with spot at $22.85.

Just so much litter

Posted by ipso facto @ 10:40 on December 1, 2022  

I’d guess that Xi felt his world teetering

Posted by ipso facto @ 10:33 on December 1, 2022  


Posted by ipso facto @ 10:30 on December 1, 2022  

A lot of tech jobs going to job Heaven

Posted by ipso facto @ 10:01 on December 1, 2022  

Continuing Jobless Claims Hit 10-Month Highs As Layoffs Exploded In November


Buygold @ 5:35

Posted by ipso facto @ 9:22 on December 1, 2022  

Yep the COTS don’t seem to have predicted much lately.

I’m liking our recent trend. Has Powell thrown in the towel? Stay tuned.

Silver starting to participate

Posted by Buygold @ 9:20 on December 1, 2022  

slowly but surely. Bad news for shorts. Gold futures hit $1810

I added to my underperformers GROY and GORO. I’ll see if they make a fool out of me again.

Exciting day so far. No reversals please…

BTW – gold catching up to palladium. Tells me gold is moving for monetary reasons. Palladium suggesting slower growth?

Posted by ipso facto @ 9:20 on December 1, 2022  

Wesdome Declares Commercial Production at the Kiena Mine


Lundin Mining Announces Updated Share Capital and Voting Rights


Blackrock Completes Drilling at Silver Cloud; All Assays Pending


Sokoman and Benton Channel Samples up to 13.57% Cs2O and Confirm High-Grade Cesium Discovery at the Golden Hope Joint Venture, Southwestern Newfoundland


Equity Metals Announces a Significant Increase to the Mineral Resource Estimate at the Silver Queen Project, BC


Mayfair Gold Reports 1.10 g/t Gold over 366.7m from Near-Surface, Including 5.66 g/t Au over 16.0m from Fenn-Gib Drill Program




Update on Acquisition of Colossal Gold in Suriname


Great Atlantic Makes New GOLD DISCOVERY New Rock Samples & Soil Samples Define New Gold Target Zone, 1.5 KM Long Samples Up To 1.8 G/T Au


Exploration Update, Taquetren Project, Argentina


Prismo Metals Announces Palos Verdes Drilling Results and Corporate Update


Fortune Minerals Announces Settlement of 2015 Debentures


Orezone Declares Commercial Production at the Bomboré Gold Mine


Golden Independence Receives Fraser Lake Technical Report


Monarch Reports High-Grade Intersections at McKenzie Break, Including 35.9 g/t Au Over 0.5 m (1.6 ft), 28.2 g/t Au Over 0.66 m (2.2 ft), 17.2 g/t Over 0.9 m (2.9 ft) and 12.65 g/t Au Over 1.5 m (4.9 ft)


Equity Metals Announces a Significant Increase to the Mineral Resource Estimate at the Silver Queen Project, BC


Maple Gold Ramps Up Winter Exploration Activities with Five Drill Rigs Now Mobilized at Eagle and Joutel


Palladium One Announces C$4.0 million Private Placement Financing


Aya Gold & Silver Announces Fixed Price EPC Contract for Construction of Zgounder Process Plant of USD $78 Million


Apollo Reports First Assay Results From Phase 2 Drilling


Red Pine discovers two high-grade structures: Intersects 5.57 g/t gold over 8.51 m west of the Surluga Deposit and 10.18 g/t gold over 4.89 m south of the Sadowski Zone


Comstock Announces Dayton Mineral Resource Report Significantly Expands Gold and Silver Resources


Shizer! Who would have thought?

Posted by Buygold @ 9:02 on December 1, 2022  

Core inflation numbers were flat, PCE Core was down to 0.2 percent from 0.3%

Good enough for gold. Futures up another $20 to $1804 or so.

I’ll be surprised if it holds, only because silver is flat.

USD down 1%, gold blew thru the Adens $1792. Nice

USD down nicely this am

Posted by Buygold @ 6:22 on December 1, 2022  

Gold spot bumping its head on $1780. Futures up at the Adens $1792 on the button. Spot got up around $1785 but firmly rejected, same for silver @ $22.50. Silver down $.11 at the moment. No surprise after the 4+% yesterday. Rates flat. Shares flat.

Gotta be happy with the action so far. Hopefully a nice big Santa Claus rally.




Posted by Buygold @ 5:35 on December 1, 2022  

I meant – COT’s HAVEN’T been predictive – and that’s good.

I think you knew what I was saying though. $25 silver sounds good to me.

Mauna Loa last night

Posted by Maya @ 0:37 on December 1, 2022  

River of Fire

Lava flows from a vent at 12,000ft elevation downslope to about 8,000 ft elevation in the saddle area between mountains.


Gold Train

Posted by Maya @ 0:34 on December 1, 2022  

Holiday Lights


Fed Didn’t Use Enough Anti Gold Antibiotic Higher Rates

Posted by Mr.Copper @ 0:19 on December 1, 2022  
  • I think they are finally stuck real good. It’s like near the end of a game of Checkers.


Buygold @ 18:50

Posted by ipso facto @ 19:37 on November 30, 2022  

If we see $25 silver some of the silver miners might even make a buck or two. As it stands it’s pretty bleak out there in profit land around the $20-21 an oz range!

re: contractors … That’s a good tell. You’d think they’d be up to their necks in work from all the storms!

Maddog @ 18:48

Posted by ipso facto @ 19:33 on November 30, 2022  

You’re right no effing way!

Can you believe the moron … he’s already taken all kinds of flack for fondling children and here he goes again. Unbelievable!

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.