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The clearing price for 45 tons clear-title right now is probably over $2k an ounce (probably impossible to currently find 45 tons clear title for even $2k an oz right now)... anyone sitting on that type of tonnage probably not keen to let it go under current economic uncertainties ... if you let 45 tons go for $1,800 p/oz - there is currently essentially zero chance of being able to buy-it back right away.
Looks like GLD having problems buying aprox. 45 tons of clear-title bullion ... which also indirectly confirms why Scotia is leaving the Gold business (they can't find real clear-title supply in volume at spot price to back the paper) ...
https://www.bullionstar.com/blogs/ronan-manly/amid-london-gold-turmoil-hsbc-taps-bank-of-england-for-gld-gold-bars/
cr#ppy promoters ... hardly any volume/buzz ... bunk website.
If $1,750 gets taken out, then the odds of a fairly fast trip to into a 18 handle goes up quite a bit
$1,750+ spot lights a fire here? ... scam or no scam?
I agree ... buy and hold is generally unproductive these days ... better to take quick profits.
Silver Miners might go hot if we see a $16 print in Spot Silver ...
https://www.tradingview.com/chart/?symbol=TVC:SILVER
The key pump days for the PPT are Mondays & Fridays ..... Friday afternoon sentiment is important to manage so Monday openings aren't disasters .... and Mondays are important so sentiment starts the week off as optimistically as possible .... the rest of the days are not nearly as important to manage (except for days going into FOMC meetings - where they typically pump stocks and whack Gold).
1/2 I’ve received some important information relating to what’s going on in Gold markets. Today, some banks failed to deliver physical in the comex bar EFP. As a result, these banks suffered large losses which will soon be announced. They’ve also decided to exit the comex market.
— Roy Sebag (@roysebag) March 24, 2020
2/2 Now there remains a big shortage in physical in the comex denomination so rumors are the Comex will announce a force majeure and allow banks to deliver LBMA bars instead. This should be announced imminently.
— Roy Sebag (@roysebag) March 24, 2020
Major Paper Gold Pusher call it quits ...
https://www.reuters.com/article/us-metals-bank-of-nova-scotia-exclusive-idUSKCN22A2ZC
Aprx. 80,000 people die from pneumonia each year in the US as a regular course of life ... I'm not super worried about CV19 - I'm more worried about the food supply chains breaking down and the multi catastrophes that would follow
I own some Gold mining properties - I've already got the end of the world thing mostly covered.
Pulled my self-defence tools out of storage a few days ago - getting reacquainted with them.
Da Hood sends the Gates/Fauci Gestapo packing ...
"The Tree of Liberty" trending up on twitter ...
https://twitter.com/search?q=tree%20of%20liberty&src=typeahead_click&f=live
Famous Thomas Jefferson Quote; "The tree of liberty must be refreshed from time to time, with the blood of patriots and tyrants" ... hopefully the AC-130 crews will be on the side of the Patriots ...
If Trump doesn't get the economy re-started by May 1, I suspect the shooting starts within 24 to 72 hrs afterwards ... and I'm not the only 1 forecasting this ...
https://www.naturalnews.com/2020-04-10-food-riots-will-begin-in-may-if-lockdowns-arent-ended.html
They might be able to delay the shooting for a while if they start dropping $100 bills from helicopters big time ...
2 Mexican Gold mines robbed recently ... with the Cartels probably taking a big hair-cut on their drug businesses recently, it looks like they have decided to start targeting the domestic Gold mining operations ...
https://www.mining.com/web/armed-group-robs-mexican-gold-mine-flees-in-plane/
Kevin O'Leary says he's not paying rent on to his commercial real estate leases for the next 60 to 90 days ... would suck to be a commercial real estate landlord right now, imo ...
A message from Robert Kennedy Jr .....
Vaccines, for Bill Gates, are a strategic philanthropy that feed his many vaccine-related businesses (including Microsoft’s ambition to control a global vac ID enterprise) and give him dictatorial control over global health policy—the spear tip of corporate neo-imperialism.
Gates’ obsession with vaccines seems fueled by a messianic conviction that he is ordained to save the world with technology and a god-like willingness to experiment with the lives of lesser humans.
Promising to eradicate Polio with $1.2 billion, Gates took control of India ‘s National Advisory Board (NAB) and mandated 50 polio vaccines (up from 5) to every child before age 5. Indian doctors blame the Gates campaign for a devastating vaccine-strain polio epidemic that paralyzed 496,000 children ... continued here ...
https://www.instagram.com/p/B-s-9ZjH0YP/
Armstrong Economics; Bill Gates is inviting war ...
https://www.armstrongeconomics.com/world-news/war/us-deterrent-against-war-was-our-economy-not-nukes/
Even when it does re-open, there's going to be all sorts of restrictions that limits the speed of the recovery.
Gold in Canadian dollars closing in on $2,400 per ounce ....
https://www.kitco.com/gold_currency/index.html?currency=cad&timePeriod=10y&flag=gold&otherChart=no
Putting the scope of recent job losses into context ...
The mammoth US unemployment claims in their historical context. pic.twitter.com/UNDwhBMpZt
— Ben Riley-Smith (@benrileysmith) April 2, 2020
I'm surprised the mining co's with shuttered operations are holding up as good as they are - I expected them to get hit alot harder.
Gold Bullion has out-performed the Gold Miners over the past 30 & 60 day periods ... the Cov19 era appears to be favoring Gold Bullion over the Miners ...
* Gold vs. GDX - 30 days chart ...
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Fund&symb=GDX&x=44&y=14&time=4&startdate=1%2F4%2F1999&enddate=2%2F7%2F2020&freq=1&compidx=aaaaa%3A0&comptemptext=GLD&comp=GLD&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=12
* Gold vs. GDX - 60 days chart ...
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Fund&symb=GDX&x=25&y=11&time=5&startdate=1%2F4%2F1999&enddate=2%2F7%2F2020&freq=1&compidx=aaaaa%3A0&comptemptext=GLD&comp=GLD&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=12
War with Iran appears to be on-deck, possibly very soon ... at least the oil prices are low if the Iranians try to close the straight of Hormuz ...
Upon information and belief, Iran or its proxies are planning a sneak attack on U.S. troops and/or assets in Iraq. If this happens, Iran will pay a very heavy price, indeed!
— Donald J. Trump (@realDonaldTrump) April 1, 2020
I'm definitely hearing/seeing a rapidly increasing number of people demanding that China needs to pay for the damages caused by CV19
@usairforce - "The next several weeks will test us...we will do everything in our power to take care of you and your family, while you take care of our nation. Thank you for everything you do to make this the world’s greatest Air Force and Space Force." ...
"The next several weeks will test us...we will do everything in our power to take care of you and your family, while you take care of our nation. Thank you for everything you do to make this the world’s greatest Air Force and Space Force." -@SecAFOfficial#ReadyAF #COVID19USAF https://t.co/nct9ouA3Ya
— U.S. Air Force (@usairforce) March 31, 2020
Is the US & China about to enter a hot war???? .....
* Three unmistakable signs that WAR is coming to America ...
https://www.naturalnews.com/2020-03-31-three-unmistakable-signs-that-war-is-coming-to-america-pompeo-orders-americans.html
* We better get on a war-footing NOW ...
https://www.centerforsecuritypolicy.org/2020/03/31/we-better-get-on-a-war-footing-now/
* Biological Weapons the Focus of China’s Military Research ...
https://japan-forward.com/biological-weapons-the-focus-of-chinas-military-research-in-the-last-20-years/
* A State Department cable obtained by The Daily Beast says the U.S. ...
https://www.thedailybeast.com/white-house-pushes-us-officials-to-criticize-china-for-coronavirus-cover-up/main-info
List of mining companies suspending operations ... this list is likely to grow much bigger very soon (the BC Govt Ministry of Mines is in the early stages of taking some emergency measures that might affect some mining operations) ...
http://news.goldseek.com/GoldSeeker/1585523898.php
Rumours are flying from credible people in the PM industry that the COMEX doesn't have enough physical Gold Bars on hand to meet demand ... a possible a formal announcement from the CME soon.
2nd day in a row that Silver has outperformed Gold during US markets ... when Silver outperforms Gold; that's usually means the precious metals sector is running strong ...
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Fund&symb=SLV&x=65&y=16&time=2&startdate=1/4/1999&enddate=2/7/2020&freq=6&compidx=aaaaa:0&comptemptext=GLD&comp=GLD&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=12
First day in 10 that Silver has outperformed Gold ...
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Fund&symb=SLV&time=1&startdate=1/4/1999&enddate=2/7/2020&freq=6&compidx=aaaaa:0&comptemptext=GLD&comp=GLD&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=2&x=35&y=13&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=12
King World News running a story that major Swiss Gold refiners are shutting down production ... if true, that will send supply shocks thru the system as the Swiss refine about 2/3'rds of world Gold production ...
https://kingworldnews.com/breaking-egon-von-greyerz-just-warned-swiss-gold-refiners-have-ceased-production/
Turn around for the miners might not happen until the virus gets under under control - as more and more mining operations appear to be shutting down due to CV19 (just getting news of another mine shutting down due to cv19).
Bullion in your hand is the way to go right now, imo ... when the virus gets under control, you can sell some Bullion and buy stocks.
Physical Silver supply shortage to worsen as Canadian Mint shuts down for at least 2 weeks over CoVid19 ...
https://www.kitco.com/news/2020-03-20/Physical-gold-squeezed-further-Royal-Canadian-Mint-shuts-down-production-for-two-weeks.html