by Harvey Organ, Harvey Organ Blog:
GOLD HAD A STELLAR DAY UP $12.25 TO $1896.70//SILVER UP 16 CENTS TO $27.95//COMEX GOLD INVENTORY HOLDS AT 5.90 TONNES/SILVER DROPS AT BIT TO 36.560 MILLION OZ//FRONT JUNE OI FOR GOLD: A VERY HIGH 153,343 WITH 3 READING DAYS TO GO BEFORE FIRST DAY NOTICE (LAST YR A RECORD 146.TONNES OF GOLD STOOD FOR DELIVERY)//CORONAVIRUS UPDATES/VACCINE UPDATES//REVERSE REPO UPDATE: SKYRM//USA HOME PRICES SKYROCKET//HOME SALES PLUMMET AS COMMODITY PRICES DRIVE UP PRICES OF HOMES//CONFIDENCE LEVEL IN THE USA SINKS//INFLATION WATCH; HOME APPLICANCES SKYROCKET IN PRICE MAKING HOME PRICES UNAFFORDABLE/SWAMP STORIES FOR YOU TONIGHT
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GOLD:$1896.70 UP $12.25 The quote is London spot price
Silver:$27.95 UP 16 CENTS London spot price ( cash market)
your data.
Closing access prices: London spot
i)Gold : $1899.25 LONDON SPOT 4:30 pm
ii)SILVER: $28.00//LONDON SPOT 4:30 pm
Comex options expiry tomorrow
LBMA OTC options expiry on Friday which is also first day notice
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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