flower-shilling

BoE gold deliveries delayed 4 to 8 weeks?

Smithys Bullion - FINE GOLD AND SILVER
Here's the Reuters report (no paywall). The Financial Times was quoted in the video, but that has a paywall:
London bullion market players are racing to borrow gold from central banks, which store bullion in London, following a surge in gold deliveries to the United States on speculation of potential import tariffs there, two sources familiar with the matter said.

The minimum waiting time to load gold out of the Bank of England, which stores gold for central banks, has reached four weeks, one of the sources said. In normal times, the release time is a few days or a week.

The BoE declined to comment when asked about the queue.
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"The key with the BoE is that they are not a commercial vault so not prepared to handle the onslaught of gold borrowing banks are requesting from the central banks," said Robert Gottlieb, an industry expert and former head of precious metals at Koch Supply and Trading.

The size of so-called Loco London free float, the amount of gold readily available to the London OTC market stored in London, has fallen after the jump in supplies to New York.
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These pricks have been caught with their pants down. Naked shorts will be driving these cunts nuts. Drown in it you filthy pigs.
 
Not enough gold to cover the shorts, so to cover those gold would have to be bought at a premium but by how much? Naked shorts in silver the market will be caught with its pants down and when it happens look out world.
 
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