Not so clever after all ....
BREAKING: In the past 24 hours , $2.17 billion was liquidated from the crypto market, with 728,658 traders liquidated.
It's sort of like the fulfillment of the reverse (MSNBC) Cramer. He recently said to buy crypto. |
Fieldhouse. Yes, gold and silver the ultimate safe haven!
HOC will definitely be back! There are plenty of silver miners and explorers listed in North America but only 2 producers I know of listed on LSE incl HOC. Silver is in the background atm with gold making headlines and a new ath. Both HOC and FRES are in a back water although they are both major gold producers as well.
Just a couple of weeks ago HOC share price was riding high but the AISC shock has soured sentiment for now and it may take a while to recover and move higher. My investment here is as an 'anchor' stock but with smaller gold miners that are more nimble and even more under valued! eg AAZ, THX, ALTN.
A minimum of doubling of PM miners is due in the next 12 months if they produce huge cash flow increases and profitability as expected and PM's perform as we expect. |
We live in interesting times!,
Gold and silver the ultimate safe haven!
Thanks Steve for your research and updates |
Traders load US-bound planes with gold and silver in tariff bet.
Bloomberg News | January 31, 2025
JPMorgan Chase & Co., the world’s top bullion dealer, will deliver gold bullion valued at more than $4 billion against futures contracts traded on CME Group’s Comex that will expire in February. The delivery notices, which total 30 million troy ounces of gold, were the second largest ever in bourse data going back to 1994.
“The bottom line is there’s a huge arbitrage,” said Robert Gottlieb, a former precious metals trader and managing director at JPMorgan Chase & Co., the world’s top bullion dealer. “The markets are still dislocated. There are opportunities, but there are also exposures.” |
The Secret Reason USA Wants Its Gold Back! It’s Not Tariffs.
By Vince Lanci. January 31, 2025
The question as raised by ZeroHedge is: What has spooked the world’s savviest investors to suddenly park as much as gold in vaults some 100 feet below Manhattan all of a sudden?
The answer offered is: Just as Gold and Silver were expatriated stateside during Covid it is again being bought. The price of gold futures in the US remaining much higher than in London just might have little to do with Trump tariffs and more to do with the US needing its metal supply chain reshored.
In a word, Repatriation is part of the implied answer. Repatriation to what ends is the final question we all hope to have the answer to soon.
www.scottsdalemint.com/articles/2025/the-secret-reason-usa-wants-its-gold-back-its-not-tariffs/ |
Silver $31.32.
Not a spectacular move so far, but its on its way back up. Gold has hit a new ath at $2820 this week before falling back late on Friday.
Graddhy: I have been stating that gold $3000–$3300 and silver $40-$45 is next. Silver is today breaking out on daily chart. $42 level should be next.
Silver is going to smash through the $50 all-time high and eventually trade well over $100. Use any weakness in price to continue accumulating physical silver. The mining shares are also headed to all-time highs, even though it will be a ride that is full of volatility. Focus on silver and the high-quality mining and exploration shares since they are radically undervalued vs gold. |
Gold future December 2025 =$2950 oz
What to do ? |
Gramshaw. Lavras = Amarillo Gold. The NSR does not apply to the main pit at Mara Rosa that is being mined.
Lavras Gold owns a 2% net smelter return (NSR) revenue-based royalty that applies to 65,000 hectares of exploration ground around Hochschild’s Mara Rosa mine in Goiás State in central Brazil.
This royalty was created as part of the arrangement agreement between Amarillo Gold Corporation and Hochschild Mining PLC that resulted in the sale of Amarillo and the creation of Lavras Gold. |
Don't know if this has been mentioned before but reference to HOC in current lavras gold presentation
hxxps://wp-lavrasgold-2023.s3.ca-central-1.amazonaws.com/media/2025/01/Lavras_Investor-Presentation-07January2025-for-website-no-Mara-Rosa-Timeline.pdf |
Houston we have lift off. Gold to the moon and will drag HOC with it kicking and screaming. This is so worth the misery of the last week. |
Buffet:
“The stock market is a device to transfer money from the impatient to the patient”
end. |
If I was confident what the future costs roughly where id agree the valuation is bonkers. Altho if mr market wasnt quite frequently bonkers, folks like mr buffet wouldn't be able to grow so wealthy. Valuations can stay bonkers for years. |
I really do not understand the market!
The Share price is bonkers !
$10000 + margin over costs and if gold continues this rise !
Costs will be scrutinised and will,I am sure will be contained .
Mara Rosa overrun was a one off !
Cheap as chips! |
In the last 5 years, there has been a widening gap in the supply - demand for silver.China is looking to stimulate economic growth, which would act as a catalyst for increasing demand for industrial metal like silver. |
Silver has again gone thru 31 dollars resistance and holding well for the next 32-33 bull run. |
Fair enough |
TheOO, maybe but it is not often that that "conspiracy" hits front page of the FT |
Positive inflows of gold into the etf have been showing positive increases recently.It correlates with the positive increases in the pog. |
If the arbitrage between two markets is larger than the cost to transport the gold, then the gold will be moved untill this isnt the case.
With all due respect, the retail gold bug space is rife with conspiracy nuts peddling nonsense to ill-informed folks (like me) who don't have a good understanding of the details of futures markets.
Logic says in a free market, prices cant be manipulated in the long run, unless your a trader why bother with predicting short term fluctuations caused by traders. |
QS99. Yes, astonishing! If the BoE is in trouble and won't comment the shortage of real gold may prompt holders to take delivery to protect themselves and join the queue waiting 4-8 weeks?!
The FT article is front page news but behind a pay wall. The article I have posted quotes extensively from the FT but with considerable own commentary added in. |
wowza steve that is an astonishing article in the FT as well! THanks much appreciated |
The panic is due to the possibility of US import tariffs on the countries where the gold has been minted |
About time that the gold etf’s are shown to be a fraud.Bernie Maddock an amateur compared to the gold etf market !
Perhaps gold can’t be loaded because staff working from home on a four day week !, |
 FT Headline: Gold stockpiling in New York leads to London shortage.
Gold Delivery Times from Bank of England/ London Bullion Market Association (LBMA) Now 4 to 8 WEEKS!
Deliveries of Gold Bullion from the Bank of England and the London Bullion Market Association have suddenly gone from just a few days to now four (4) to eight (8) WEEKS for people to get their physical Gold!
This may be the biggest news in the Gold Market since then-UK-Prime Minister Gordon Brown pre-announced the sale of half the UK's gold. This is serious; perhaps VERY serious, for the Bankers, especially the Bank of England.
This news began with a story in the Financial Times of London (FT) titled "Gold Stockpiling in New York Leads to London Shortage." The story revealed that the wait time to withdraw gold from the Bank of England (BoE) has risen sharply as fears of Trump Tariffs drive shipments to the U.S.A.
Why this is serious is because, according to the Bank of England's December 1, 2024 report, they hold 5365 metric tons of Gold, which is the equivalent of 172.5 Million Ounces.
Yet the BoE has apparently "Leased-out" a LOT more Gold than they are holding.
Investors know that leasing out more than Banks hold is the engine of the (endless) supply of "Paper" Gold.
The banks sell/lease the same "ounce" of Gold to hundreds of different buyers, HOPING they won't demand delivery. The Bank can pocket the fees on all those non-existent ounces of gold as long as not too many people demand physical delivery of it.
One of the results of this arbitrage is that Bankers can keep the price of Gold SUPPRESSED because the shear volume of "paper" gold sales dwarfs the sales of physical-delivery Gold.
Is Bank of England DEFAULTING?
According to the article in the FT "A surge of shipments to the US has lead to a shortage in London, as Traders amass an $82 Billion stockpile in New York over fears of Trump Administration Tariffs. Then, the kicker: "The wait to withdraw bullion stored in the Bank of England vault has risen from a few days, to four to eight weeks, according to people familiar with the process as the Central Bank STRUGGLES to keep up with demand."
Sources in the field say "people can't get their hands on Gold because so much has been shipped to New York . . . and the rest is stuck in the Que. Liquidity in the London market has been . . . diminished." according to one Executive in the Bullion field.
The problem here is simple: You either have the Gold, or you don't.
Worsening the situation is that the BoE DECLINED TO COMMENT.
This is now confirmation that the Bank of England is in big trouble.
The FT article goes on to report "Since November's U.S. election, Gold Traders and Financial Institutions have moved 393 Metric tons" which isn't even ten percent of what the Bank of England CLAIMS it has. So why the four week to eight week delay now??????
These Gold shipments have reportedly been delivered to the COMEX Commodity Exchange vaults in New York, driving up COMEX inventory levels nearly 75% to 926 Tons, the highest level since August, 2022.
The FT goes on to report "Total Gold flows into the US could be far higher than the COMEX numbers reflect because there are likely to have been many additional shipments to private vaults in New York owned by HSBC and JP Morgan." Both of those banks also declined to comment.
Market players are asking a simple question: If the Bank of England publicly reported they held 5365 Metric Tons of Gold in their Vaults as of December 1, and only 393 tons have been shipped to New York, why is the Bank having trouble delivering Gold for four to eight weeks?
This is one of the biggest stories in the Gold Market in maybe 30 years. This situation could expose a hideous reality: What if the Bank of England has NO GOLD?
First, where did it go, and second, this could utterly smash the entire "paper" market for Gold. After all, who in their right mind will buy "paper" gold by believing anyone claiming to be holding tons of Gold if the Bank of England lied about __theirs???__
The "paper" Gold market would likely implode if it comes out that BoE has no Gold left. An implosion of the paper market would free the Gold market from "paper" influence, and send the price of the precious metal skyrocketing.
Many, many people around the world are taking serious notice of this situation. Very hard questions are now being asked of the Bank of England, and a LOT of "paper" gold investors are now wondering if they will ever get the gold they "bought" but allowed the BoE to hold? |
Register for streaming realtime charts, analysis tools, and prices.
Hot Features
Premium
