Jesus. This is phenomenal. Your reports are a public service. I agree with the sentiment and don't see it as hyperbole, "...whatever is driving this surge ranks up with worldwide financial disaster."
While this is going on behind the scenes, everything that is semi-visible is also disturbing.. Like an aviation collision that makes no sense.
The Bank for International Settlements in Basel, Switzerland, has not published its December 2024 statement of account during January 2025 as required by Article 49 of the bank's statutes.
In some respects, I can not believe this is all finally starting to happen. We have watched for so long, just to see manipulation and the can kicked down the road. This could possibly be the beginning of price discovery. Thanks for letting us know!
I hear you ... but ... the reports are often in contracts (trading activity) or oz (the vault). Admittedly I unnecessarily throw in tonnes. Why? Sometimes the action is on the scale of sovereign size transactions which are often quoted in tonnes. I'm just trying to make an easy comparison to that.
Jesus. This is phenomenal. Your reports are a public service. I agree with the sentiment and don't see it as hyperbole, "...whatever is driving this surge ranks up with worldwide financial disaster."
While this is going on behind the scenes, everything that is semi-visible is also disturbing.. Like an aviation collision that makes no sense.
Thank you for the incredibly historic reports.
Another one for the record books - thanks Michael for your outstanding work
You don't mention the 29 million ounces that came/have to come out of London to the COMEX vaults. Did you miss that last week?
COMEX wants real gold and London says it needs 4 to 8 weeks to deliver.
I wrote about that earlier this week:
https://econanalytics.substack.com/p/massive-vault-moves-from-london-to
The Bank for International Settlements in Basel, Switzerland, has not published its December 2024 statement of account during January 2025 as required by Article 49 of the bank's statutes.
https://goldseek.com/article/amid-london-gold-turmoil-monthly-report-bis-missing
In some respects, I can not believe this is all finally starting to happen. We have watched for so long, just to see manipulation and the can kicked down the road. This could possibly be the beginning of price discovery. Thanks for letting us know!
Great work, thanks.
It'd be far easier to follow if you chose one metric and stayed with it.
Ounces? Tonne? Contracts?
I hear you ... but ... the reports are often in contracts (trading activity) or oz (the vault). Admittedly I unnecessarily throw in tonnes. Why? Sometimes the action is on the scale of sovereign size transactions which are often quoted in tonnes. I'm just trying to make an easy comparison to that.