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Brien Lundin: It looks like desperation in the gold market
By Brien Lundin
Gold Newsletter / Golden Opportunities
Metairie, Louisiana
Wednesday, February 19, 2025
I've been reporting on the extraordinary gold flows of recent weeks, which have been driving the price of gold to record levels.
Those mysterious flows, generally blamed on concerns over potential U.S. tariffs on gold and silver, have combined with other factors to indicate that something much deeper and more compelling is happening.
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In short, it appears that cracks are now spreading in the global gold market infrastructure, with tremendous implications for the price of the metal. ...
Now the flows of gold from the London Bullion Market Association vaults into Comex could be explained away by the threat of tariffs. But that doesn't explain the coincident surge of deliveries -- physical demand -- from Comex, or the tremendous levels of gold demand now being seen from central banks, institutions and individuals around the world.
Again, these moves smell of desperation, and they have helped propel gold to record price levels in an historic new bull market.
That leaves us to wonder whether these developments are a sign that the huge central bank gold sales of the 1990s, which resulted in thousands of tonnes of official reserves being sold and replaced by IOUs, are now being desperately reversed.
Or is it an indication that the fragile paper gold and paper silver fractional reserve schemes are finally cratering under the weight of massive physical demand?
Or both? ...
... For the remainder of the analysis:
https://goldnewsletter.com/go021925/
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