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Yesterday was the first intent date for the COMEX July silver (5000 oz) contract, for delivery date 1 July. A huge 11,458 contracts stepped up to the plate for delivery on first day, representing 1782 tonnes of silver. This is a record number ...
Record number of COMEX silver contracts stand for delivery for first day of July. 11,458 contracts (1782 tonnes of silver). This is more than the entire month of May, which itself was a record. #COMEX #Silver pic.twitter.com/fTvcAVh6oC
— BullionStar (@BullionStar) June 30, 2020
June COMEX delivery notices now total 171 tons ... looks like things are about to get serious in the Gold market ...
COMEX June gold futures delivery notices now total an incredible 54,983 contracts, representing 171 tonnes of gold. Open interest has been rising in this contract over the last few days to generate these intents. This operation has pre-planned gold transfer written all over it. pic.twitter.com/U0ggLZhLOb
— BullionStar (@BullionStar) June 26, 2020
I don't know ... don't really follow the company anymore ... I just have a few R/S'd shares left over from around 10 or 15 years ago
Picking up a bit ... but still pretty thin
Looks a like little hybrid Placer/Hardrock operation ... Placer op's are interesting as they typicaly have low operating costs/risks, and can produce the AU quickly when the circuit is dialed in ... i'd be pounding as much Placer material thru the plant as possible 24/7.
Hardly any volume in this stock ... certainly not enough volume to move the stock in any meaningful way
Copper very risky these days ... A healthy Copper market very dependent on a strong global economy - which isnt going to happen anytime soon
Silver strong - barely budged compared to the March smash ... P.M. stocks may now react even stronger on a move between $1,765 to $1,800
Beginning to look like the 16 handle could be history .... support line shaping up between $1726 to $1,734
Start interview at 9:27 for the meat of the interview ... you can see the accelerating collapse of currencies talked about in the charts below ... when the US Dollar price of Gold goes over $2k - that's when the global collapse in currencies will really kick into high gear, imo ...
* Interview .....
https://kingworldnews.com/alasdair-macleod-5-16-2020/
* Gold priced in Australian Dollars .....
* Gold priced in Brazilian Dollars .....
* Gold priced in Canadian Dollars .....
* Gold priced in Indian Dollars .....
* Gold priced in Mexican Dollars .....
* Gold priced in Russian Dollars .....
* Gold priced in South African Dollars .....
* Gold priced in Swedish Dollars .....
When looking at the Gold market purely thru a $USD lens, i don't think one can fully understand the current macro set-up in Precious Metals right now .....
* Gold priced in Australian Dollars .....
* Gold priced in Brazilian Dollars .....
* Gold priced in Canadian Dollars .....
* Gold priced in Indian Dollars .....
* Gold priced in Mexican Dollars .....
* Gold priced in Russian Dollars .....
* Gold priced in South African Dollars .....
* Gold priced in Swedish Dollars .....
Nevada Gold mining industry now bringing in more revenue to the state than the Nevada casino's when the casino's were fully booked.
First Majestic Silver might be worth watching - all mines in Mexico shutdown; now gearing up to come back online ...
https://www.firstmajestic.com/projects/overview/
Mexican Government officially confirms in the Federal Registry that mining is now deemed essential ... in a presentation, the government said mining, construction and manufacturing of transport equipment will be considered essential ....
https://uk.reuters.com/article/us-health-coronavirus-mexico-economy/mexicos-president-revs-up-car-industry-and-wider-economy-idUKKBN22P0JL
Newmont just increased their dividend by 79% ... low oil cost helping cash-flow ..... also, Gold mining deemed an essential service in Canada, as well as in a number of other jurisdictions.
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/