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iShares Silver Trust Message Board

  • commonsenseonly1 commonsenseonly1 Mar 12, 2013 7:32 PM Flag

    Crisis

    Gold; $1593.30
    silver: 29.19

    The reason for the jump in gold was probably due to the comments of Bundesbank President Weidmann who claimed that the European crisis is not over. Gold and silver jumped immediately and never looked backed.

    In comex news, we saw a huge number of gold notices filed which is extremely unusual in a non delivery (non active) month. So far it looks like 8.509 tonnes of gold will stand for delivery in March. On top of the 41 tonnes of gold last month we have very close to 50 tonnes of gold being delivered upon. This is also surely a record for two months. It is also interesting that the volume is way down..maybe the bankers just do not want to supply any more paper.

 
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