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It's probably true. It's 1000oz bars that have dried up and refiners/mints have announced production stops on retail products as they ramp up production for the exchanges.

LBMA may only have enough silver free float to last ~3 months at the current drain rate.

Andy been getting into some hard drugs apparently.

I mean, I literally created a crypto coin with a description telling people that "Money is gold, and nothing else." (ie. that the coin is worthless). But if you click the link in the OP, it shows you the account name of the coin's creator (KDY7Q3) and the holder distribution (where my account...

It is a joke. I'm not making any money on this.

Excellent idea. Maybe I'll give it a try. 🤣

lol... https://pump.fun/coin/FFqhfLsiv1orjMDQLLvJEzVszAsEFvXqPxgtiHU1pump?coins_sort=market_cap

Monday is a Federal holiday in the USA. We're facing a 3 day weekend as far as the markets go.

LBMA held a webinar this morning. I listened in. I posted what I got out of it here: https://www.pmbug.com/threads/bank-of-england-delaying-gold-deliveries-4-to-8-weeks.8022/post-123954

Thanks! I've been thinking about it for over a decade. It wasn't until recently that I started to think I would actually see it manifest in my lifetime though. It looks like we are at the beginning stages of seeing it play out. I think we see some dislocations in the paper markets with large...

I've updated the numbers through the end of January: https://www.pmbug.com/threads/silver-demand-drivers-and-vault-totals.6364/post-123696

CME raised margins yesterday (effective today). It usually stalls upward moment for a few days.

I think it's going to take a bit of time for the markets to work out the current monkey wrenches.

https://www.mining.com/web/lbma-liaising-with-cme-group-and-us-authorities-on-comex-gold-premium/ What exactly are they "liaising" about?

When silver breaks free, it's going to turn heads.

Tariffs confirmed for Saturday. London gonna be crying uncle (Sam). https://apnews.com/article/trump-tariffs-canada-mexico-oil-afb915762af6994573353135bcd30a1b

Here's the Reuters report (no paywall). The Financial Times was quoted in the video, but that has a paywall: More: https://www.reuters.com/world/uk/london-gold-market-queues-up-borrow-central-bank-gold-after-big-shipments-us-2025-01-29/

Jump in for silver