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https://finance.yahoo.com/news/premier-reports-operational-100000361.html

Just checked flights on last minute.com and there are loads of flights…..

https://flights.lastminute.com/flight/shopping/results/1eigj4fm8mneo

So there must be a real problem…..

Yeah, I was hoping for the big Crimex explosion this am.

Maybe if gold gets going up another $50 today that will trigger some shorts.

Shares not looking too bad this am

Thanks. Looks like Kitco just jumped in line with your numbers now showing gold @ $1614 down $21 or so.

The Crimex opening here could be interesting throughout the day if someone’s in trouble.

I’m actually finding GLD’s price to be the most accurate.

I now have both Spot and Apr next to each other, current Apr premium is $ 20, on spot at 1612.00

Prem has been as wide as $ 40 o/n…….

no idea why, except that the delivery problem is in NY, it is not an EFP, as u only deliver phys loco london in an EFP, the crimex Fut side settles on last delivery/final settle, either by phys, very rare or by a closed out futures, ie the opposite trade…..so any delivery problems should be in London at this stage…..

I may be wrong, but don’t think so….summat big is up.

Despite Kitco showing down $.13 @ $14.33

CNBS shows silver up 1% @ $14.41

Not such a big disparity in silver. Maybe JPM is supplying phyzz to the silver market?

I would doubt JPM would share any potential profit making venture with anyone, especially if they had the chance to break them…evil bastards.

Yep some squirrely pricing. Kitco has gold down $55  @ $ 1580 – Yikes

CNBS – futures price shows $1627 down almost 2%

GLD only down $2.40 – implying a $24 drop

edit: BTW – I want to see some bank come out and spill the beans about a failure to deliver

and this is not necessarily EFP’s, as u don’t have to deliver Crimex gold until last notice day…..more like someone has said they will take delivery and Crimex hasn’t got the Vol

ABN AMRO abandons gold investors
March 25, 2020 Frank Knopers 0 Comments
ABN AMRO leaves gold investors disappointed, as the bank closes all weight accounts for gold, silver and platinum. Approximately 2,000 customers who have precious metals in their weight account at the bank have to sell them before April 1. If they fail to do so, ABN AMRO will sell their positions at the current market price. The bank cannot guarantee that they will sell the precious metal at a favorable price.

This decision comes at a particularly unfavorable time for gold investors. At the same time the bank is pointing its customers to the exit, a run on physical gold has started. Investors who thought they were well positioned with their precious metals at the ABN AMRO can now join the long queue of people who want to buy gold now.

Weight Account
The weight accounts at ABN AMRO were transferred to another custodian back in 2013. The Swiss bank UBS took over Deutsche Bank’s role as custodian of the gold. ABN AMRO customers were informed of this by letter. Below is the letter notifying customers about the change in terms and conditions. Back then, I made some notes about the most important changes.

Customers who held physical precious metals in custody on an ABN AMRO weight account had already been warned. With the switch to a new custodian, it was no longer possible to physically deliver the precious metals. From now on, the precious metal was handled in a ‘different way’, a second warning for the attentive investor.

https://geotrendlines.com/abn-amro-abandons-gold-investors/

https://www.zerohedge.com/geopolitical/putins-pin-americas-everything-bubble

why not have a party?

Between Japan and Russia peninsula.  Tsunami watch for Hawaii & pacific shores issued.  Awaiting buoy data of wave information.  Possible tsunami arrival time in Hawaii 4 hours from this timestamp.  Possible 0.3 meter wave (1-foot) at Hawaii.

More excitement for the homebound.  Hawaii beaches all closed anyway.

and it makes sense, as u have to deliver phys, if u short Gold on an EFP…….

https://www.zerohedge.com/commodities/gold-market-breaking-down-gold-spreads-explode-lbma-warns-liquidity-problems

Rumor swirling… “Today, some banks failed to deliver physical in the comex bar EFP. As a result, these banks suffered large losses which will soon be announced. They’ve also decided to exit the comex market. Now there remains a big shortage in physical in the comex denomination so rumors are the Comex will announce a force majeure and allow banks to deliver LBMA bars instead. This should be announced imminently.”

Gold Hill and Silver City
https://railpictures.net/photo/725881/
https://railpictures.net/photo/725880/

He he heh.  The gold rig is exploding, and they are trying to muffle it with a blanket.  Hold tight to the physical… and get some popcorn.  This will be entertaining.

If you are playing with paper… prepare to get burned.

Doesn’t seem like a head fake. Seems pretty serious so far.

That would be a real kick in the nuts if we head back to $1400 or something. I’m guessing that won’t happen.

Looks like they’re on the attack tonight with gold down $20 and silver now only up $.07

Really hope this isn’t another bullshit head fake.

1/2 I’ve received some important information relating to what’s going on in Gold markets. Today, some banks failed to deliver physical in the comex bar EFP. As a result, these banks suffered large losses which will soon be announced. They’ve also decided to exit the comex market.

1/2 I’ve received some important information relating to what’s going on in Gold markets. Today, some banks failed to deliver physical in the comex bar EFP. As a result, these banks suffered large losses which will soon be announced. They’ve also decided to exit the comex market.

— Roy Sebag (@roysebag) March 24, 2020

Well see if JPM has the goods and wants to unload it.

Per Apmex @ 7:39 pm!

Forgive my language but – STAY THE F**K AWAY from JNUG! And NUGT! The custodians were not hedged into the crash and are in deep shit. If Van Eck closes its doors, they have to pay out the NAV on GDX and GDXJ but the derivative shit goes POOF!

Long GDX/Short NUGT; Long GDXJ/Short JNUG would be a perfect arbitrage trade.

why maddog and US people were seeing various prices