Gold is in severe backwardation. Harvey Organ has a report on his blog from an anonymous mint official about severe difficulties being faced by the three main mint suppliers, whose orders are backlogged for months and who are continually rolling over customer orders month to month - which is why we see mints now suspending production of coins.
http://harveyorgan.blogspot.com
And Rick Akerman over on Goldseek is reporting again, huge premiums for accepting rollover of December delivery contracts. These reports are echoed on 24hGold.
GLD ETF has now dropped 13.719 tonnes to 1,116.24 tonnes, which is a tremendous decline.
Bottom line: taking delivery is accelerating.
I don't remember which post it was but you said once something about divergence of COMEX price, and physical price, leading to the breakdown of the COMEX. I hope I'm remembering what you said correctly.
If I'm right about what you posted those months ago, could this be the event you foreshadowed?
Eric
Gold is in severe backwardation. Harvey Organ has a report on his blog from an anonymous mint official about severe difficulties being faced by the three main mint suppliers, whose orders are backlogged for months and who are continually rolling over customer orders month to month - which is why we see mints now suspending production of coins.
http://harveyorgan.blogspot.com
And Rick Akerman over on Goldseek is reporting again, huge premiums for accepting rollover of December delivery contracts. These reports are echoed on 24hGold.
GLD ETF has now dropped 13.719 tonnes to 1,116.24 tonnes, which is a tremendous decline.
Bottom line: taking delivery is accelerating.
I don't remember which post it was but you said once something about divergence of COMEX price, and physical price, leading to the breakdown of the COMEX. I hope I'm remembering what you said correctly.
If I'm right about what you posted those months ago, could this be the event you foreshadowed?
http://news.silverseek.com/TedButler/1211293587.php
You should read this interview with Ted Butler on silver manipulation. It explains well what is going on and it's the same for gold.
this is for numonic:
http://www.telegraph.co.uk/finance/currency/6745556/Demand-for-50-notes-fuelled-by-lack-of-faith-in-banks.html
Ha Bowtie, I don't know. I'm still trying to figure things out.
China inflation is back !!
http://www.marketwatch.com/story/china-economy-improves-in-november-inflation-back-2009-12-10
Matheus I have a feeling those China inflation numbers will decrease for December.
Post a Comment