by Harvey Organ, Harvey Organ Blog:
THE CROOKS FOR THE ENTIRE WEEK WERE UNSUCCESSFUL IN THEIR RAIDS ON GOLD AND SILVER: GOLD UP $6.85 TO $1902.65//SILVER UP 8 CENTS TO $27.65//INITIAL GOLD STANDING FOR JUNE: 69.7 TONNES//SILVER A STRONG 11.11 MILLION OZ// USA MINT ANNOUNCEMENTS HUGE SHORTAGE OF WORLDWIDE SILVER///STRANGE: BLOOMBERG ANNOUNCES BIS TRADING OF BANK OF ENGLAND GOLD//CORONAVIRUS UPDATE/VACCINE UPDATES/ CHINESE ORIGIN OF COVID 19//USA ECONOMIC DAT: PCE DEFLATOR SKYROCKETS AND A SOLID INDICATOR OF INFLATION//CONSUMER SENTIMENT FALTERS/CALIFORNIA PORTS STILL JAMMING UP//INFLATION WATCH: RENTS SKYROCKET//SWAMP STORIES FOR YOU TONIGHT//READING MATERIAL FOR THE WEEKEND: ALASDAIR MACLEOD…
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GOLD:$1902.65 UP $6.85 The quote is London spot price
Silver:$27.91 UP 8 CENTS London spot price ( cash market)
your data.
Closing access prices: London spot
i)Gold : $1903.40 LONDON SPOT 4:30 pm
ii)SILVER: $27.92//LONDON SPOT 4:30 pm
first time that I can recall that the crooks were unsuccessful in raiding gold and silver for the entire options expiry cycle. They are losing control
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.
may 28 James McShirley
Gold Eagle premiums to spot have further widened to + $225 and up. The U.S. Mint has essentially declared force majeure with silver coin production due to “global shortages.” Never mind LEGALLY the U.S. Mint should be in a bidding war to the moon if necessary to procure adequate silver supplies. That’s what is happening with lumber, and should be happening with silver as well. The mandatory lockdowns (the gold/silver suppression variety, not virus) are reaching extreme pressures. The days of both metals spinning in place all day are drawing to a close. The sound and fury of hyperinflation is becoming readily apparent to even the people who are drinking the MSM Kool- Aid. MOPE is lost, and the “inflation expectations” that the Fed SO cares about is soaring. It’s prime time, gold and silver time. Let ‘er rip.
James Mc
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