2025 Lunatic Fringe - Market and Trade Chat

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That's a pretty astounding figure but the CME still holds the right to cash-settle, regardless of the buyers preference for delivery so that's exactly what they'll do. The size and nature of the order may still capture attention and cause some short-term movements or speculation but basically things will move forward as if nothing really happened just like any other day.

Let's hope more people (players is the metals markets) take notice and see it for what it really is.
 
Man that was a Huuuge Gold trade. 106,000 contracts is over 42 Million OZ of Gold. Ie, let me count the zeros. 132 BILLION dollars. That is only central bank or Warren Buffet territory.
 
Here is Rafi's video today where he noticed this and showed that it mostly went away today. Platinum also had a big trade where silver was pretty muted.

 
...
Some goods will not be subject to the Reciprocal Tariff. These include: (1) articles subject to 50 USC 1702(b); (2) steel/aluminum articles and autos/auto parts already subject to Section 232 tariffs; (3) copper, pharmaceuticals, semiconductors, and lumber articles; (4) all articles that may become subject to future Section 232 tariffs; (5) bullion; and (6) energy and other certain minerals that are not available in the United States
...

 
PMs getting corrected... still in the 'up' channel

So... we've been in a recession. Watch them blame tariffs for it.



WOW.

The Atlanta Fed has just revised their Q1 2025 GDP estimate lower AGAIN, to -3.7%.

Adjusting for gold imports and exports, the Atlanta Fed now sees -1.4% GDP contraction in Q1 2025.

Just 2 months ago, they saw GDP growing by +3.8% in the same period.

The revision was due to recent economic data which has shown a slowdown in spending.

Is the Atlanta Fed calling for a recession?
 


Just wait til we move completely away from the private Federal Reserve system!
 
pmbug said:
Yesterday's tariff announcement excluded bullion. As a result, the EFP premium has been crashing (down to $0.10 for silver as of a few minutes ago). As the EFP premium goes to zero (or negative), the flow of metal from London to NY will likely slow down or possibly reverse. I haven't checked the EFP premium for gold yet, but this bears watching because if the metal flow stops or reverses, the real #silversqueeze likely gets delayed for a while.

 
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