by Harvey Organ, Harvey Organ Blog:
GOLD UP $4.85 TO $1207.65//SILVER UP 12 CENTS TO $28.13//GOLD STANDING AT THE COMEX FOR JUNE: 68.82 TONNES/SILVER OZ STANDING; A LARGE 12.6 MILLION OZ (OFF DELIVERY MONTH)//CORONAVIRUS UPDATES/VACCINE UPDATES/INVERMECTIN ERADICATES COVID IN DELHI INDIA//IRAN DEAL A LITTLE CLOSER, BUT IRAN’S HUGE BATTLE SHIP SUNK IN A MAJOR FIRE AND THEIR HUGE REFINERY IN TEHRAN SUBJECT TO A MYSTERIOUS FIRE//TURKEY’S LIRA PLUMMETS TO 8.60 AS ERDOGAN TELLS ITS CENTRAL BANKER TO LOWER INTEREST RATES TO FIGHT INFLATION (??) ALASDAIR MACLEOD ON THE BASEL III TALKS WITH GREG HUNTER//SWAMP STORIES FOR YOU TONIGHT
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GOLD:$1907.65 UP $4.85 The quote is London spot price
Silver:$28.13 UP 12 CENTS London spot price ( cash market)
your data.
Closing access prices: London spot
i)Gold : $1908.10 LONDON SPOT 4:30 pm
ii)SILVER: $28.16//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.
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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