@jmski52 said:
I'm tempted to buy some 90% from Apmex, just to see what happens.
A friend told me that there were 'little' errors in his order which he placed to 'try them out'. I.E. clad roosies in the merc rolls. They did make good on the corrections but even I can tell a merc from a clad roosie.
It's a $5bn website with hundreds of millions of visitors if not billions.
And no, its not just reddit either, as if that alone wasnt bad enough.
I've been on the internet and web forums for over 25 years in some cases. I've run into any number of trolls/shills everywhere. Prepper forums are the absolute worst for it, followed by however many thousands of subreddits. I post on a mushroom forum and I would bet 10k that one of these idiots does it for a living. It's the same old things copy/pasted and coordinated. The internet isnt as nice as many think it is. Lots of stuff that is factors of worse than this happen every day.
Please reread my post and start paying attention to that stuff and those behaviors. Once you run into two or three you'll see what I mean. Google it and read other peoples stories and the things they've experienced. Dont just take my word for it.
This is just the tip of the iceberg. Some post predominantly from certain places which creates a unique way in which their English comes across. This isnt exclusive to metals or money or banks but I'm not here to speak outside this scope. Look it up.
I’m a complete amateur but read this thread. Does anyone think that today’s Fed J Powell speech stating the Fed with the intention to increase employment, will not keep the 2% target cap on inflation as the priority going forward might be contributing to the increase in PM deliveries? Sorry for the run on sentence.
@heavymetal said:
I’m a complete amateur but read this thread. Does anyone think that today’s Fed J Powell speech stating the Fed with the intention to increase employment, will not keep the 2% target cap on inflation as the priority going forward might be contributing to the increase in PM deliveries? Sorry for the run on sentence.
demand/increased deliveries were here before the speech and remain strong. Gold is a crisis hedge, not an inflation hedge. FED's speech confirmed they remain in crisis mode. demand/increased deliveries should continue. The link in the first post indicates that COMEX, before the speech, is expecting record deliveries to continue. Speech confirmed COMEX's need for concern.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
It's a $5bn website with hundreds of millions of visitors if not billions.
And no, its not just reddit either, as if that alone wasnt bad enough.
I've been on the internet and web forums for over 25 years in some cases. I've run into any number of trolls/shills everywhere. Prepper forums are the absolute worst for it, followed by however many thousands of subreddits. I post on a mushroom forum and I would bet 10k that one of these idiots does it for a living. It's the same old things copy/pasted and coordinated. The internet isnt as nice as many think it is. Lots of stuff that is factors of worse than this happen every day.
Please reread my post and start paying attention to that stuff and those behaviors. Once you run into two or three you'll see what I mean. Google it and read other peoples stories and the things they've experienced. Dont just take my word for it.
This is just the tip of the iceberg. Some post predominantly from certain places which creates a unique way in which their English comes across. This isnt exclusive to metals or money or banks but I'm not here to speak outside this scope. Look it up.
this $5bn website is a PM site?
They have any number of subreddits that deal in precious metals.
Reddit.com/r/pmsforsale is awesome. The pricing there is generally lower than peoples best prices here, and nationwide and some others. Terrible place to sell unless you're a dragon, or a hobbit that just killed one. That is just the tip of the iceberg too theres tons others.
There are AI feedback bots (user profiles that track ratings and scams).
Venmo, zelle, cashapp and bitcoin or other instant payment if you ever want in. PPFF is used seldomly by people with high volumes.
Be aware that any number of companies, both foreign and domestic, have their hands in this social media company and manipulate feeds etc.
Maybe not tungsten. Maybe the copper was never removed and the bars aren't .9999 or .999. Maybe they're .800 or .900. Maybe we can cast doubt everywhere on social media.
as discussed at length before, deliveries are up since april and there have been no supply disruptions. a scramble or panic is not happening.
Then why, after decades of only three acceptable "good for delivery" bars, did COMEX suddenly, in the face of record deliveries, add 267 bar brands to the list of what they will now accept in their vaults. Sounds a lot like a scramble with a bit of panic thrown in.
Sounds a lot like implosion insurance. lol
We don't know that COMEX has not had supply disruptions, they are known to settle physical delivery claims with cash. We don't know how many deliveries have actually been settled with cash.
Maybe the whole thing is about preventing their cash from being drained from the vault. lol
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@MsMorrisine said:
I wouldn't call it implosion but to prevent what happened in march. but yeah it is insurance
like I said, "implosion insurance." Failure to make delivery (default) will cause the coming implosion.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@Baley said:
Someday this forum might be just two guys agreeing with each other all day.
Or bickering with each other all day.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
If this forum lasts another 50 years and assuming the head doomsdayer has that many years left in him I suspect he will still be sitting right here praying for the comex to implode and for America to collapse. Bulgaria may even be a 4th world country by then.
@metalmeister said:
Seeing some crazy price swings in the overseas market. Highly manipulated. Of course we all know that
I've been wondering about this. I have friends abroad who can't own gold and can't have it sent to their countries.
You'll see stuff on Ebay that is a little beyond high asking prices. I've started to wonder if it's oversea market pricing just not translating well. You'll have a seller with a hundred gold coins or whatever priced $75 over everyone else. I'm glad you said something so I can start paying closer attention.
@cohodk I feel the same way about reddit as I do Ebay. The people are terrible and the content sucks. But, the business there is great. I would never enter my credit card for any of their special services or have conversations in private messaging. I just get contact info and go. There is nothing redeemable even in their precious metal and coin subs.
What you find here can't be found there, in terms of quality of knowledge and people. But cheap gold is cheap gold idk ;-)
" I have friends abroad who can't own gold and can't have it sent to their countries."
Cuba? Actually, I know of no country that does not allow it's citizens to own gold. As far as I can tell by your comment, your friends are not currently residing in their own country....that may be the reason.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
@Baley said:
Someday this forum might be just two guys agreeing with each other all day.
Or bickering with each other all day.
That should soon come to an end. One of them is being proven 100% correct.
The other is still hugging "the FED has done wonders for the economy" unicorns.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"Bank EFP use is down by as much as 75% versus years past. This is significant, as it betrays both a lack of physical metal and a lack of counter-party confidence. This also explains why the spread between spot gold and the front month futures contract persists. When you lack confidence in your counter-party, what was once perceived as a risk-free arbitrage becomes something quite risky, indeed."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"versus years past" is this backed up with verifiable data?
as for lack of metal and counter-party confidence ....
spread between front month futures and spot...... kitco: 1944.90 - front month futures: 1949.80
what's the problem with the spread? It can't be because there is one. see my "found the formula" thread. there is the time value of money and various fees to account for with the spread.
and since we are not having a March re-enactment where spot went crazy over and above the futures price... there is definitely plenty of physical held. also, considering how much demand for physical went up in APR-AUG (as discussed in an article posted) and this demand has been met (march not happening again) then I'd say confidence is also there.
"Bank EFP use is down by as much as 75% versus years past. This is significant, as it betrays both a lack of physical metal and a lack of counter-party confidence. This also explains why the spread between spot gold and the front month futures contract persists. When you lack confidence in your counter-party, what was once perceived as a risk-free arbitrage becomes something quite risky, indeed."
Nothing you don't already know - Scotia Bank dropping out, JP Morgan being fined for manipulation, Buffett accumulating silver again, premiums at historic highs........you know........same old....same old....
What more do you need?
Q: Are You Printing Money? Bernanke: Not Literally
@jmski52 said: Are you privy to additional info? Please share.
Nothing you don't already know - Scotia Bank dropping out, JP Morgan being fined for manipulation, Buffett accumulating silver again, premiums at historic highs........you know........same old....same old....
What more do you need?
We were discussing panic and scrambling which i believe has been summarily dismissed. You disagreed, so i was looking for additional evidence you seemed to indicate as having. What youve written doesnt not support the claim of "panic or scrambling" so i believe we can conclude this topic has been refuted.
"Many banks have already reduced their day-to-day trading on Comex since the market disruption but they are worried that prices could diverge again and some now intend to reduce their open positions by between 50%-75%, sources at six lenders said. Banks are the exchange’s single biggest user group, accounting for more than a third of all Comex contracts."
COMEX participants moving to London?
"Rival exchanges such as the London Metal Exchange (LME) could also pick up customers because banks still want to use a futures market. This is an opportunity for someone to step in,” said a source at one of the biggest gold trading banks."
So, CME (COMEX) panics:
"Facing the threat of lost business, CME is considering amending contracts to allow delivery of gold in London as well as in New York, five industry and banking sources said, adding that no decision had yet been taken." (It has since gone from a list of only three approved bars to over 250 pre-approved "good for delivery bars," many manufactured in China. )
Unicorns feasting at the COMEX? Far from it; panic continues to be the meal of the day. lol
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"Many banks have already reduced their day-to-day trading on Comex since the market disruption but they are worried that prices could diverge again and some now intend to reduce their open positions by between 50%-75%, sources at six lenders said. Banks are the exchange’s single biggest user group, accounting for more than a third of all Comex contracts."
COMEX participants moving to London?
"Rival exchanges such as the London Metal Exchange (LME) could also pick up customers because banks still want to use a futures market. This is an opportunity for someone to step in,” said a source at one of the biggest gold trading banks."
So, CME (COMEX) panics:
"Facing the threat of lost business, CME is considering amending contracts to allow delivery of gold in London as well as in New York, five industry and banking sources said, adding that no decision had yet been taken." (It has since gone from a list of only three approved bars to over 250 pre-approved "good for delivery bars," many manufactured in China. )
Unicorns feasting at the C OMEX? Far from it; panic continues to be the meal of the day. lol
And not a single word "panic" in that article. I dont even think i saw the word "concern".
I wish i was so good at creatinh my own reality. Oh well, perception is fact. Lol
The genes that code for human cravings to put metal bars in lock boxes is unevenly distributed among the population. Those that are homozygous for the relevant alleles are sometimes behaviorally triggered by environmental cues.
"Many banks have already reduced their day-to-day trading on Comex since the market disruption but they are worried that prices could diverge again and some now intend to reduce their open positions by between 50%-75%, sources at six lenders said. Banks are the exchange’s single biggest user group, accounting for more than a third of all Comex contracts."
volume was lower, but it is coming back up. they can't be so afraid and certainly not in a panic to do business with comex.
open positions: that's the blue line over the volume. open interest by all participants is not so down. what's 1/2 of 1/3... 1/6th. that could be 1/6th but it is also creeping back up. the market is certainly is not in a panic with respect to business with comex.
"Facing the threat of lost business, CME is considering amending contracts to allow delivery of gold in London as well as in New York, five industry and banking sources said, adding that no decision had yet been taken." (It has since gone from a list of only three approved bars to over 250 pre-approved "good for delivery bars," many manufactured in China. )
Unicorns feasting at the COMEX? Far from it; panic continues to be the meal of the day. lol
what panic? I've discussed this previously.
the previously posted blog did not indicate only 3 approved bars to start. also it enumerated those manufactured by china and the number was not a many in the scope of those added and less so to the ending total.
"Facing the threat of lost business, CME is considering amending contracts to allow delivery of gold in London as well as in New York, five industry and banking sources said, adding that no decision had yet been taken." (It has since gone from a list of only three approved bars to over 250 pre-approved "good for delivery bars," many manufactured in China. )
Unicorns feasting at the COMEX? Far from it; panic continues to be the meal of the day. lol
what panic? I've discussed this previously.
the previously posted blog did not indicate only 3 approved bars to start. also it enumerated those manufactured by china and the number was not a many in the scope of those added and less so to the ending total.
Tell a lie over and over and eventually it becomes ones reality.
As with gold and silver, maybe COMEX can temporarily solve COMEX warehouse supply problem by accepting Chinese palladium and platinum bars as "good for delivery." LOL
"If we do see a run on registered platinum stocks for the October contract, it should be a nice preview for what could happen in the gold futures market in December, traditionally a big month for physical deliveries anyway."
And by the way, which anti-US country owns the Seeking Alpha investment news website?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@cohodk said:
The areticle was written by "the end game investor", not Seeking Alpha. Have uou vetted his credentials. I didnt think so..
He provides the verifiable data to back up what he says. But you already knew that. lol
Discrediting a source because of his name? lol Based on your name I'll continue to consider all of your posts here to be "fishy." Banker troll?
I share opinion from many different sources. If you want "vetted" opinion only, then feel free to vet.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I didn't discredit anyone. I simply asked if you vetted his credentials. Seems like a fairly innocuous question.
You say the data is verifiable. Did you verify it, or just accept his word?
Why do you call everyone a troll? Because they dont follow YOUR narrative?
We just seek truth, not misinformation, or misinterpretation.
Further, the author says he owns physical platinum and PPLT. Are we sure he has an unbiased opinion? And he looks to be motivated to sell subscriptions to his newsletter.
@Azurescens said:
I've been wondering about this. I have friends abroad who can't own gold
Please expand on this. What countries and what do you mean by "cant".
I can't send gold to South Africa, Croatia, Serbia. People in all three have expressed wariness about personal gold ownership in their countries. Though, not being able to receive gold is a lot different from being able to own gold.
I understand Croatia had some changes a few years ago and I see stuff listed on Ebay. I'm not sure if this is just related to customs/taxation, due to laundering, or just straight up banned. Oh and a guy in Kazakhstan, he was very adamant about not sending gold or coins whatsoever (for trades). As of this year, Spain is making people weigh their jewelry in the airports and Germany just had a big change. We arent supposed to discuss politics here so I encourage you to take a look at those countries.
One guy in Estonia freaked out at the offer and was very adamant about not sending coins or writing it on customs or anything, or even any small tokens that might look like them. His reaction was surprising. But they have 0% VAT. I am not sure what was wrong there. It's what you would assume is the best place to have it shipped if nothing else. I really wish I had paid more attention at the time but I never thought I'd actually own some.
" I have friends abroad who can't own gold and can't have it sent to their countries."
Cuba? Actually, I know of no country that does not allow it's citizens to own gold. As far as I can tell by your comment, your friends are not currently residing in their own country....that may be the reason.
I guess I'm misinformed then. I've just taken peoples word at it. A lot of it must be the VAT then. I'll ask next time I come across but people from these countries have been adamant about NOT sending gold, ever. I'm gonna go with them being cautious than a bunch of Americans using usps.com who just wanna be right on the internet.
"We have been following both the gold and silver futures markets since June with great interest. We could see in the data a buildup of demand for physical metal against short futures positions. And indeed, the summer has seen quite a bit of physical metals “delivered” between players on the COMEX futures market."
"While the COMEX claims there is enough gold in registered to satisfy current deliveries, we have started to see some anomalies in the data which potentially paint a different picture."
Bring on the shilling and gaslighting of how this is actually good for us, the market isnt fixed, this is all normal, nobody ever pays hundreds of millions in fines or goes to jail like all the fixers that just did, blahblahblah.
I dont say this to freak anyone out. I think we are at an interesting moment in history and many have been through worse, and humanity will move on.
Not sure if anyone is paying attention but the gulf just got slammed, our tropical and temperate rainforests are burning from BC to the Amazon, with riots in the streets during a pandemic, 1 in 8 Americans going hungry, 1 in 3 renters facing eviction, USD down 10% against other "Western" currencies. Mushroom capital of the world is burning since 2014. Our rainforest floor is so dry it can't break itself down anymore and complete the nutrient cycle.
Lol. Just lol. All of it. I hope gold and silver crash tomorrow. I'm not done buying it all.
"What will be very interesting to see is how deliveries respond to such a correction. If they step up still further on any discount, then a short-term correction could bring gold even deeper into backwardation, loading the spring tighter for the next up-leg in gold. If we see a significant correction from here, I will be adding to my gold positions. If deliveries do step up further, this might be the last opportunity to buy gold below $2,000 in our lifetimes."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Comments
A friend told me that there were 'little' errors in his order which he placed to 'try them out'. I.E. clad roosies in the merc rolls. They did make good on the corrections but even I can tell a merc from a clad roosie.
this $5bn website is a PM site?
I’m a complete amateur but read this thread. Does anyone think that today’s Fed J Powell speech stating the Fed with the intention to increase employment, will not keep the 2% target cap on inflation as the priority going forward might be contributing to the increase in PM deliveries? Sorry for the run on sentence.
the increase in deliveries started in april
demand/increased deliveries were here before the speech and remain strong. Gold is a crisis hedge, not an inflation hedge. FED's speech confirmed they remain in crisis mode. demand/increased deliveries should continue. The link in the first post indicates that COMEX, before the speech, is expecting record deliveries to continue. Speech confirmed COMEX's need for concern.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
They have any number of subreddits that deal in precious metals.
Reddit.com/r/pmsforsale is awesome. The pricing there is generally lower than peoples best prices here, and nationwide and some others. Terrible place to sell unless you're a dragon, or a hobbit that just killed one. That is just the tip of the iceberg too theres tons others.
There are AI feedback bots (user profiles that track ratings and scams).
Venmo, zelle, cashapp and bitcoin or other instant payment if you ever want in. PPFF is used seldomly by people with high volumes.
Be aware that any number of companies, both foreign and domestic, have their hands in this social media company and manipulate feeds etc.
Well, that leave us out. Only trolls here.
Seriously though, with everything you've described, that sounds like a place to avoid.
However, im sure its a fascinating place to get a read on society.
Knowledge is the enemy of fear
Maybe not tungsten. Maybe the copper was never removed and the bars aren't .9999 or .999. Maybe they're .800 or .900. Maybe we can cast doubt everywhere on social media.
the effort is to prevent further delivery disruptions, not to contain a current panic.
or both.
Or the Deutsche Bank failed? Been waiting for that since September of last year.
Is the Fed pumping liquidity to DB? It's not as if they haven't done it before. Your tax dollars and imaginary Fed money at work!
I knew it would happen.
DB Germany is not eligible as they are not under the Fed system.
DB's bank under the Fed would be
as discussed at length before, deliveries are up since april and there have been no supply disruptions. a scramble or panic is not happening.
Seeing some crazy price swings in the overseas market. Highly manipulated. Of course we all know that
100% Positive BST transactions
Then why, after decades of only three acceptable "good for delivery" bars, did COMEX suddenly, in the face of record deliveries, add 267 bar brands to the list of what they will now accept in their vaults. Sounds a lot like a scramble with a bit of panic thrown in.
Sounds a lot like implosion insurance. lol
We don't know that COMEX has not had supply disruptions, they are known to settle physical delivery claims with cash. We don't know how many deliveries have actually been settled with cash.
Maybe the whole thing is about preventing their cash from being drained from the vault. lol
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I wouldn't call it implosion but to prevent what happened in march. but yeah it is insurance
like I said, "implosion insurance." Failure to make delivery (default) will cause the coming implosion.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
a scramble or panic is not happening.
If it's not being reported on CNBC or or Marketwatch, then it's not happening......right? I just want to be sure that I understand...................
I knew it would happen.
Are you privy to additional info? Please share.
Knowledge is the enemy of fear
Someday this forum might be just two guys agreeing with each other all day.
Liberty: Parent of Science & Industry
Or bickering with each other all day.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Agreed. Lol
Knowledge is the enemy of fear
If this forum lasts another 50 years and assuming the head doomsdayer has that many years left in him I suspect he will still be sitting right here praying for the comex to implode and for America to collapse. Bulgaria may even be a 4th world country by then.
The whole worlds off its rocker, buy Gold™.
https://www.telegraph.co.uk/travel/destinations/europe/bulgaria/sofia/articles/36-hours-in-sofia/
Yes.
No.
I've been wondering about this. I have friends abroad who can't own gold and can't have it sent to their countries.
You'll see stuff on Ebay that is a little beyond high asking prices. I've started to wonder if it's oversea market pricing just not translating well. You'll have a seller with a hundred gold coins or whatever priced $75 over everyone else. I'm glad you said something so I can start paying closer attention.
@cohodk I feel the same way about reddit as I do Ebay. The people are terrible and the content sucks. But, the business there is great. I would never enter my credit card for any of their special services or have conversations in private messaging. I just get contact info and go. There is nothing redeemable even in their precious metal and coin subs.
What you find here can't be found there, in terms of quality of knowledge and people. But cheap gold is cheap gold idk ;-)
Please expand on this. What countries and what do you mean by "cant".
Knowledge is the enemy of fear
" I have friends abroad who can't own gold and can't have it sent to their countries."
Cuba? Actually, I know of no country that does not allow it's citizens to own gold. As far as I can tell by your comment, your friends are not currently residing in their own country....that may be the reason.
That should soon come to an end. One of them is being proven 100% correct.
The other is still hugging "the FED has done wonders for the economy" unicorns.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
And the other has been correct for the last decade.
Knowledge is the enemy of fear
COMEX "Exchange for Physical" Abuse Has Collapsed
"Bank EFP use is down by as much as 75% versus years past. This is significant, as it betrays both a lack of physical metal and a lack of counter-party confidence. This also explains why the spread between spot gold and the front month futures contract persists. When you lack confidence in your counter-party, what was once perceived as a risk-free arbitrage becomes something quite risky, indeed."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"versus years past" is this backed up with verifiable data?
as for lack of metal and counter-party confidence ....
spread between front month futures and spot...... kitco: 1944.90 - front month futures: 1949.80
what's the problem with the spread? It can't be because there is one. see my "found the formula" thread. there is the time value of money and various fees to account for with the spread.
and since we are not having a March re-enactment where spot went crazy over and above the futures price... there is definitely plenty of physical held. also, considering how much demand for physical went up in APR-AUG (as discussed in an article posted) and this demand has been met (march not happening again) then I'd say confidence is also there.
No it doesn't.
Knowledge is the enemy of fear
Are you privy to additional info? Please share.
Nothing you don't already know - Scotia Bank dropping out, JP Morgan being fined for manipulation, Buffett accumulating silver again, premiums at historic highs........you know........same old....same old....
What more do you need?
I knew it would happen.
We were discussing panic and scrambling which i believe has been summarily dismissed. You disagreed, so i was looking for additional evidence you seemed to indicate as having. What youve written doesnt not support the claim of "panic or scrambling" so i believe we can conclude this topic has been refuted.
Knowledge is the enemy of fear
Risk free arbitrage at the COMEX? Far from it:
HSBC loses $200 million at COMEX in a single day.
"Many banks have already reduced their day-to-day trading on Comex since the market disruption but they are worried that prices could diverge again and some now intend to reduce their open positions by between 50%-75%, sources at six lenders said. Banks are the exchange’s single biggest user group, accounting for more than a third of all Comex contracts."
COMEX participants moving to London?
"Rival exchanges such as the London Metal Exchange (LME) could also pick up customers because banks still want to use a futures market. This is an opportunity for someone to step in,” said a source at one of the biggest gold trading banks."
So, CME (COMEX) panics:
"Facing the threat of lost business, CME is considering amending contracts to allow delivery of gold in London as well as in New York, five industry and banking sources said, adding that no decision had yet been taken." (It has since gone from a list of only three approved bars to over 250 pre-approved "good for delivery bars," many manufactured in China.
)
Unicorns feasting at the COMEX? Far from it; panic continues to be the meal of the day. lol
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
And not a single word "panic" in that article. I dont even think i saw the word "concern".
I wish i was so good at creatinh my own reality. Oh well, perception is fact. Lol
Knowledge is the enemy of fear
The genes that code for human cravings to put metal bars in lock boxes is unevenly distributed among the population. Those that are homozygous for the relevant alleles are sometimes behaviorally triggered by environmental cues.
Liberty: Parent of Science & Industry
volume was lower, but it is coming back up. they can't be so afraid and certainly not in a panic to do business with comex.
open positions: that's the blue line over the volume. open interest by all participants is not so down. what's 1/2 of 1/3... 1/6th. that could be 1/6th but it is also creeping back up. the market is certainly is not in a panic with respect to business with comex.
four plus months on and volume is returning.
what panic? I've discussed this previously.
the previously posted blog did not indicate only 3 approved bars to start. also it enumerated those manufactured by china and the number was not a many in the scope of those added and less so to the ending total.
Tell a lie over and over and eventually it becomes ones reality.
Knowledge is the enemy of fear
When facts prove it's Faux newz it's guaranteed Fake newz! Lulz!
The whole worlds off its rocker, buy Gold™.
The run on COMEX metal suddenly not limited to silver and gold. . .
A Run On Comex Palladium Is Happening Now, And Platinum Could Be Next
As with gold and silver, maybe COMEX can temporarily solve COMEX warehouse supply problem by accepting Chinese palladium and platinum bars as "good for delivery." LOL
"If we do see a run on registered platinum stocks for the October contract, it should be a nice preview for what could happen in the gold futures market in December, traditionally a big month for physical deliveries anyway."
And by the way, which anti-US country owns the Seeking Alpha investment news website?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
The areticle was written by "the end game investor", not Seeking Alpha. Have uou vetted his credentials. I didnt think so..
Knowledge is the enemy of fear
He provides the verifiable data to back up what he says. But you already knew that. lol
Discrediting a source because of his name? lol Based on your name I'll continue to consider all of your posts here to be "fishy." Banker troll?
I share opinion from many different sources. If you want "vetted" opinion only, then feel free to vet.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I didn't discredit anyone. I simply asked if you vetted his credentials. Seems like a fairly innocuous question.
You say the data is verifiable. Did you verify it, or just accept his word?
Why do you call everyone a troll? Because they dont follow YOUR narrative?
We just seek truth, not misinformation, or misinterpretation.
Further, the author says he owns physical platinum and PPLT. Are we sure he has an unbiased opinion? And he looks to be motivated to sell subscriptions to his newsletter.
Full disclosure...i also own PPLT.
Knowledge is the enemy of fear
Some people prefer getting the news from fake newz outlets. Especially when it aligns with their "agenda".
Rest assured, it's business as usual down at the ole Comex.
The whole worlds off its rocker, buy Gold™.
I can't send gold to South Africa, Croatia, Serbia. People in all three have expressed wariness about personal gold ownership in their countries. Though, not being able to receive gold is a lot different from being able to own gold.
I understand Croatia had some changes a few years ago and I see stuff listed on Ebay. I'm not sure if this is just related to customs/taxation, due to laundering, or just straight up banned. Oh and a guy in Kazakhstan, he was very adamant about not sending gold or coins whatsoever (for trades). As of this year, Spain is making people weigh their jewelry in the airports and Germany just had a big change. We arent supposed to discuss politics here so I encourage you to take a look at those countries.
One guy in Estonia freaked out at the offer and was very adamant about not sending coins or writing it on customs or anything, or even any small tokens that might look like them. His reaction was surprising. But they have 0% VAT. I am not sure what was wrong there. It's what you would assume is the best place to have it shipped if nothing else. I really wish I had paid more attention at the time but I never thought I'd actually own some.
Oh, and a guy in Kosovo. May > @OPA said:
I guess I'm misinformed then. I've just taken peoples word at it. A lot of it must be the VAT then. I'll ask next time I come across but people from these countries have been adamant about NOT sending gold, ever. I'm gonna go with them being cautious than a bunch of Americans using usps.com who just wanna be right on the internet.
Azurscens, what you describe are folk who are concerned their mail will be stolen. This is very much different than "cant own gold".
And what the .... are you doing trying to send gold to Kazakhstan or Estonia or Kosovo? You cant find a buyer in the USA?
Knowledge is the enemy of fear
@derryb
https://www.fxempire.com/forecasts/article/comexs-gold-and-silver-futures-market-trade-data-not-adding-up-670913
"We have been following both the gold and silver futures markets since June with great interest. We could see in the data a buildup of demand for physical metal against short futures positions. And indeed, the summer has seen quite a bit of physical metals “delivered” between players on the COMEX futures market."
"While the COMEX claims there is enough gold in registered to satisfy current deliveries, we have started to see some anomalies in the data which potentially paint a different picture."
Bring on the shilling and gaslighting of how this is actually good for us, the market isnt fixed, this is all normal, nobody ever pays hundreds of millions in fines or goes to jail like all the fixers that just did, blahblahblah.
I dont say this to freak anyone out. I think we are at an interesting moment in history and many have been through worse, and humanity will move on.
Not sure if anyone is paying attention but the gulf just got slammed, our tropical and temperate rainforests are burning from BC to the Amazon, with riots in the streets during a pandemic, 1 in 8 Americans going hungry, 1 in 3 renters facing eviction, USD down 10% against other "Western" currencies. Mushroom capital of the world is burning since 2014. Our rainforest floor is so dry it can't break itself down anymore and complete the nutrient cycle.
Lol. Just lol. All of it. I hope gold and silver crash tomorrow. I'm not done buying it all.
"I can do this all day."
Comex Is Turning Into A Physical Gold Delivery Hub
"What will be very interesting to see is how deliveries respond to such a correction. If they step up still further on any discount, then a short-term correction could bring gold even deeper into backwardation, loading the spring tighter for the next up-leg in gold. If we see a significant correction from here, I will be adding to my gold positions. If deliveries do step up further, this might be the last opportunity to buy gold below $2,000 in our lifetimes."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey