by Harvey Organ, Harvey Organ Blog:
YOUR TYPICAL FRIDAY RAID//GOLD DOWN $5.20 TO $1876.15//SILVER DOWN 51 CENTS TO $27.44//GOLD TONNAGE STANDING FOR DELIVERY RISES TO 5.527//SILVER OZ STANDING: 36.665 MILLION OZ// JUNE OPEN INTEREST ON GOLD: 197,803 WHICH IS QUITE HIGH//TWO HUGE DEPOSITS INTO THE GLD: 5.82 TONNES AND ANOTHER 5.83 TONNES: TOTAL DEPOSIT FOR THE DAY: 11.65 TONNES//REVERSE REPO POOL AT THE FED RISES AGAIN BY 18 BILLION AS THIS SIGNALS THAT THE BANKS HAVE NO MORE ROOM TO STORE EXCESS REVERSES//CORONAVIRUS UPDATE/VACCINE UPDATE//CEASE FIRE HOLDS IN ISRAEL-PALESTINE//ALASDAIR MACLEOD…A MUST READ AND CHRIS POWELL ON THE SAME SUBJECT//USA PMI’S EXPLODE AND THIS IS AHUGE INFLATION SIGNAL!//SWAMP STORIES FOR YOU TONIGHT
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GOLD:$1876.15 DOWN $5.20 The quote is London spot price
Silver:$27.44 DOWN 51 CENTS London spot price ( cash market)
your data.
Closing access prices: London spot
i)Gold : $1880.10 LONDON SPOT 4:30 pm
ii)SILVER: $27.55//LONDON SPOT 4:30 pm
Meanwhile the separation between physical and spot continues to increase. Gold Eagles are now showing + $180 or more to spot on several popular sites. Silver Eagles are + $13 and up to spot. If you ignore the ticker going by on cable news gold is nearly $2k in the real world, silver $40. That’s still a pittance, but nothing like MSM is presenting to the public.
may 17 Jim McShirley
Forgot to mention the Gold Eagle physical to spot widened another $5 today, now around + $185 or more. Spot has practically become like the GLD, which is little more than a heavily-discounted tracker to the real stuff. Gold coins are indeed MUCH closer to all-time highs than the Crimex price. It will be interesting to see if this keeps blowing out until spot prices are meaningless.
May 19: James McShirley
Coin premiums to spot continue to widen. Gold Eagles blew out another $20 and are now + $200 and up to spot. Despite the futures selloff Silver Eagles are holding steady around $40 and up. Physical buying is belying the Crimex racket. T
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