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Gold Drops Below $1400
After retracing 61.8% of the gold crash, spot gold prices have fallen back and are now trading back under $1400 for the first time in four weeks. It would seem more time is perhaps needed to enable the gathering of physical gold to fufill Germany's demands... (and cue, the death of gold headlines) So, in summary, we have had a notable increase in tapering discussions - Treasury yields have surged, the USD has surged, Gold has dropped, and credit has widened - all reflecting lower liquidity flow expectations; but stocks just keep going...
Charts: Bloomberg
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On the contary the HUI could well be signaling such a move in gold prices. It was only 4 years ago that Gold was at $960, so there is absolutely no reason why it can't go back there. Never say never, remember oil $150 to $30.
Fuck it... I'm waiting for a (-$50) print...
~~~
That way I'll just walk into my LCS & they'll have to PAY ME the premium to take it off their hands, for nothing... I might even 'cost average' a bit to include hauling costs...
am sick of this paper gold vs physical gold shit. There is only one price and until miners withhold supply and force public force majeure at exchanges, everyone quit with this physical gold and paper gold rationalization BS! THERE IS ONLY ONE QUOTED PRICE.
Moron, mine supply is irrelevant. Gold isn't a commodity, where the bulk of annual production gets swallowed up in consumption. Gold is money, and its supply is ever increasing, but only by < 2% per annum.
The price is set in the futures markets, not by the miners. Get this fact into your head, and chew on it for awhile.
Wrong. Futures markets break if there is a lack of supply to back up the contracts when and miners demand direct bid and withhold supply. Get that fact into your head and chew on it for a while dipshit.
Why so angry? Are you dispirited and holding a paper loss on your PM purchases? Just screw the paper game and hold your physical.
Look at this big picture: http://i0.wp.com/biiwii.com/wordpress/wp-content/uploads/2013/05/gold.mo_.png
I am hedged for a few likely scenarios. One of the most probable scenarios is the end of the globalized, nearly weaponized, paper promises the world is awash in. When the Ponzi ends, the story will be clearer and much more appealing for those who understood and acted.
"am sick of this paper gold vs physical gold shit."
great, then sell ur physical Gold or Silver aka "real money" and buy more stocks...or maybe a CD or 2 paying negative 6-8%...or maybe a 10 year paying negative 6-7% adjusted for real inflation somewhere in the 10% area...
this war aint for the weak minded or weak spirited...
you do know that this is a war right?????
War was declared on the average person quite some time ago, by the elitists. 9/11 is a fair date, but I would also accept the day Glass-Steagal was repealed.
A lot of people don't do well in a situation where war has not been overtly declared. They only know one kind of war. The kind with bullets. They are now learning about economic and cultural warfare as well.
How about when NAFTA was passed? Or when JFK was shot? Or when the FR was created?
All together now; out of stocks and into physical. There will be blood...
Works for me. Now to go hunt some down at my local cash for gold spots.
Frequency of contractions is increasing. Full decoupling coming soon enough.
Yupes.
Physical Gold markets go into overdrive with demand up by 3x - 10x and this results in a drop in the price of Gold IOUs ... looks a lot like a situation where the risk premium of the IOUs is going up (and hence, like bonds, their value is going down).
Now what we really need is a source of Gold prices that reflects real physical prices (the London LBMA fix is no such source since rehypotecation and margin are allowed) to put the final nail in the Comex scam.
Nucleo Direct.
India is in desperation mode.
India plans inflation-linked bonds to end country's love affair with gold; The Reserve Bank of India said the first tranche of inflation-indexed bonds, a new type of debt for India, would be released on June 4.
Inflation-linked bonds. Fucking LOL. Who calculates said inflation? An "independent" government bureau?
+1000 beat me to it. Those who calculates the index become your counterparty.
Who calculates said inflation?
~~~
I don't think it's the 'Syrians'... I hope that narrows it down a bit...
You want to protect your money from a government bent on inflating it away so you trust the government to truthfully report the inflation rate. How can you fault the logic?
Somehow it seems that the Indian government has missed the little detail that the demand for Gold rather than Rupees is not because of Gold's inherent utility, it's because people don't trust the Government with their savings and hence don't trust the Rupee.
Changing the nature of the paper that the Government issues and controls does not in any way address the issue of Indians not trusting anything that is controlled by the Government.
It's like asking a theif how much he stole.
and it's still a paper promise at best
I'm not sure if Indian Housewives trust India official CPI. They will keep stacking gold and silver jewellery.
I'm not sure if Indian Housewives trust India official CPI. They will keep stacking gold and silver jewellery.
It is in their blood, they will never give up hoarding gold, and silver.
India = centerpiece of US pivot
Congress = Japan LDP (Abe)
India disinflation = Just in time for rate cuts
Congress wins coming election 2014; pushes forward US reforms
Congress rolls back talk of participating in the Iran - Pakistan - India pipeline; Pakistan new premiere opposed pipleline that US said would result in sanctions
India largest weapons buyer in the world
Collective GWOT interest= incidents unlikley to abate
If only the himalayans weren't in the way two billion people countries could go at it and rid the world of millions of eaters!
In 1991 India was forced to devalue their currency and to pay the London Bankers and Swiss bankers with Gold. Somehow, I don't think the people of India have forgotten that lesson. Got Gold? That's real money.
Dollar cost average.
3-2-1 to force majeure...
Price majeure.
Bull Manure
BTFD! Need moar silver to!
That sound you just heard is Jamie Dimon sharting himself as he receives the latest inventory "count".
jamie doesn't have to worry since he runs the show. he will settle in dollars.
Welcome to the endgame ... will you hold your physical through $0, because it is coming.
Not $0; perhaps $8 to $10 for silver and $600 to $750 for gold. Then we'll all wait 30 years for the next bull market.
"I actually don't know how much money I have, but I do know how many pounds of money I have." - Ron Swanson
At least I'm making up the difference with Bitcoin. Will be converting that to gold one of these days.... maybe when they hit parity?
Think about what it would take to cough up your PMs. Would it be a price crash? How about starvation? Maybe medicine for your kids? Add on a "hoarder surtax" and maybe "windfall profits tax". Whatever it is, I'm pretty sure that's what is coming.
I'll be very glad to have any gold when that time comes. Of course I'd trade it for survival.
edifice,
You are one clairvoyant guy: you see things 30 years in advance. Did you foresee this mess.
Just guessing, which is all anyone is doing.
Edifice,
There are educated guess and wild ass guesses. I can't predict $hit. I certainly did not see this mess in US, Europe and China. I listen to so called experts they were all wrong.
These hedge guys were doing great only because that they had inside knowledge or a email from a Fed. Let's see how they do now.
The bull market is over and will never rise again. It has been defined in paper terms through a false derivative discovery mechanism designed to fail. Gold will fall to $0 before a massive revaluation and separation of gold as a reserve asset from all fiat currencies. By that time all assets denominated in paper currencies will also have failed. Silver will play no part in the revaluation.
http://matrixsentry.files.wordpress.com/2012/01/blondies-freegold-summar...
You are wrong about silver. But otherwise spot on. Silver is only 16x more common than gold in the Earth's crust, but look at the prices... Closer to 58 or 60 to 1. Look at the freegold pdf on page 9, where it shows 'Store of Value' in the bottom right corner, is there any reason that is exclusively gold and not silver as well? No. Look on pg 1, where the first author talks about 'a basket of commodities'. That is like saying 'the currency is backed partially by gold, partially by silver, and then other commodities as well if feasible'.
If gold is money, silver is money.
Plus, silver is used in Tomahawk missiles. And I am quite sure that silver can't be salvaged after use.
Don't take my word for it re. silver. Gold is the ultimate reserve asset and is being stockpiled by the world's central banks. Silver isn't.
http://victorthecleaner.wordpress.com/additional-material/free-silver/
There is a reason silver is called the peasant's gold ... only peasants own it.
There's a lot of peasants on this planet, from what I can see.
"FOFOAs argument is that once the world switches to gold as the major reserve, there is no need for silver – it is just heavier and less widespread as a tangible financial asset."
Doesn't really convince. There is no need for silver? If gold is an effective store of value then why not silver? I don't see its price going much lower (I would be shocked to see $14 or 15 for any period of time), seeing as stocks have been to an extent consumed. Its used in high tech gadgetry like Tomahawk missiles. Up to 10-15 pounds of silver in one missile. BOOM!
Is military equipment an area where you want to substitute cheaper materials because the price has gone up?
Herd Redirectio...
Gold and silver can be salvage form electronic PCB but requires a lot of effort that's why it done in 3rd world countries.
Collecting parts after the missile goes boom is very hard.
Zero dollars??
This may come as a SHOCK to you, but the dollar value of gold has always been zero dollars. You see, the paper fiat promise 'price' is an assignated value, created out of thin air, and the reference number of value assigned to it happens to be falling right now.
Do we care??
Of course not, at least i don't. You might want to spend a couple years researching the various attempts at putting a fiat 'value' on precious metals. Since they are formed as a direct result of a super nova explosion. The reality of this is the fact that something created in such a spectacular fashion, with all of it's multitude of uses, and purity, has a paper promise value assigned to it in the first place, proves beyond a shadow of a doubt how ignorant the folly of man has become.
The dollar is a medium of trade, made of paper and ink, backed by empty promises. I will trade all i have at the right times to make the full rotation out, enjoying the best of both worlds, since i have false promises to trade for whatever i can get for it. The true value sound store of wealth is used to tip toe around the fiat failures, by exchanging a tiny amount of PM, for an extremely large amount of paper promises in which all utility companies accpet gleefully for their free electricity, water, gas, etc...
Let that sink in a minute, then start reading.
Good luck.
$0 in current terms, sir. Not philsophically speaking.
Uh, it is zero NOW sir.. It always has been.
But please, continue on..
finger on the button........but it might drop to 1300..........ohh what to do.......maples? eagles? philharmonics? roos????????
My place had plenty of all of those. They want $1,500
i can't make sense of it.
you cant make sense of it in what way? that there is gold available?
^^^^^ There's that 'magnet' again...
~~~
So how did the 'Sharkjumping in the Yemen' vacation turn out?
FS one could argue that im also a FS magnet..............
Actually, I'd disagree... I'd bet you a beer that if anyone were enteprising enough to do a tally, you've trolled me more than I've trolled you...
~~~
I'm only trolling you recently because you're my pal... :-)
[&, my APOLOGIES to you <doc>, for having forgotten to include you in the menage]...
at this stage, since we are both veterans here, lets not use "troll"....lets just call it mutual admiration..............
that's ok by me... you've earned your battle stripes...
~~~
But if it's all the same to you... at the ceremony... I'm still gonna wear my 'fatigues'...
"I HATE the 'whites'..."
~Lt. McCafee
You seem to have a strange attraction to the Fonz/Kito "magnet". It's almost as if you are drawn in yourself.
Doc he's just jealous........we need to be supportive...
Is it gold? Is it silver? Then get it, that's all tha matters. Personally I prefer eagles, but if they aren't available I'm not going to buy an "option" that they may be delivered in the near future.
Everyone thinks buy and hold is a terrible strategy. The problem is everyone applies this to nothing but paper markets, whether it be stocks, bonds etc.. For hard assets, I'll keep sticking with buy and hold. With CB around the world begging for inflation, best strategy I can think of.
On the contrary, when you are looking for return on assets, its true, buy and hold isn't always the greatest. The old 'capital appreciation'. But this is an era where you are looking for the return OF your assets. 'Capital preservation'.
Different ball game, different rules.
the eagles dont have that "shine" that the pure gold coins have.........
Be sure to get some tungsten core coins, just in case of divorce...
Could this sharp decline in Gold and Silver (paper) price be orchestrated for the purpose of lowering the payouts when banks start informing people demanding physical delivery that "sorry, we have no physical, here's a check for the "cash price" of your Gold"?
Just a thought...
It's a good point, but it would also render the CME worthless as a market.
Suppliers would see this as a continuously manipulated market, which ensured worst possible price. Hence, only a trickle of supply would make it (sufficient for the company to survive).
Consumers (ie, actual physical) would see a market which never actually delivered on its promises.
But don't most of us here already know that CME is worthless as a market and the prices are continuously manipulated?
And since it is near impossible to actually find physical gold and silver at the current "spot prices", doesn't that already imply that there is a failure to deliver?
The recent takedowns remind me of pulling a bow string at some point you’ll have to let go.
The real action is in silver. The place I go to was wiped out again today. They still quote me prices. Today they said $29 for ASE.I said why bother quoting a price of something you don't have? They just shrugged.
isnt that because they lock you in at that price and then ship when available?
And once again, it will have negative correlation on the physical market...
Gold priced in US Dollars should continue to decline as the USD continues to climb.
http://bullandbearmash.com/chart/spot-gold-daily-falls-closes-channel-su...
And why will the USD climb? The Euro, Yen and Pound have been on the decline, particularly the Euro.
Yeah wow the USD truly is the best looking horse in the glue factory.
Fiat currencies compared to other fiat currencies, whose reserves are OTHER fiat currencies.
Circlejerk, or ponzi scheme?
You shitCovered bagholder
@EscapeKey
~~~
You really need Mr 'Orange oompa loompa or whatever' to start doing some BITCOIN 'Elliott Wave' Charts for you...
That ought be a hootinanny...
Its not a ponzi scheme. More like zaibatsu, or keiretsu! (note: I only argue a more desciptive name could be used, I am not disputing the system's ponzi nature)
As always... It's all in the 'LABELS'... [Some enteprising homeschooled 'go-getters' have learned how to utilize that towards assembling an asymmetric advantage over the past half dozen millenia or so]...
~~~
I'm ALL FOR IT... May you reap what you sow... After all... ON A LONG ENOUGH TIMELINE THE SURVIVAL RATE FOR EVERYONE DROPS TO ZERO...
50% re-retrace of the 61.8% retrace. Sounds like a good turn around point. But I'm sure these numbers are all just random and charts mean nothing.
Gold is going to 300 per ounce in dollars and 50,000 per ounce in yen. Gold is money but U.S. dollars are better.
Perhaps paper gold will go that low when people realize that they will never get physical delivery for their paper gold....but what will that do to the physical gold market price?
Most of the places I've been looking at to buy silver seem to have one singular common theme: OUT OF STOCK.
That does not strike me as a sign of a depreciating asset.
"OUT OF STOCK"
Really? I just checked APMEX and they have all sorts of silver on hand.
Yes, APMEX does appear to have...at 25-30% above spot. What does that tell you about the spot price?
$3.90 over spot is better than $7 over spot when it nose-dived a few weeks ago. I'm just glad to see supply is still there - I plan to buy more.
I agree. Wiping my ass with one ounce coins is way too harsh on me tooshie. (Makes nacho dipping motion). I prefer Benny-One-Ply.
hahaha
Anyone who's been alive for a few years understands that dollars keep losing value.
Price of a nice v8 car in 1980 about 8k. Now, 24k.
Soda. 25c at the machine. Now 1.50.
Payphone actually was a dime. Really, you could call someone for ten cents.
US dollars may be better than other dollars and gold may retrace much of its gain from the past 12 years but US dollars are not something to hoard.
Dropped a few dimes in your day, hm?
Round two for the rush to physical Gold starting. Bullion dealers are still trying to catch up from the last drop. Going to be a pretty dry bed soon.
apmex 1 oz pamp suiss 1446
When CBs are in on the trade, logic and fundamentals be damned.
Tiny POMO today--if some QE-neg bad news comes up, then I would expect a minor panic. Wait until afternoon for the rumor.
gold is on sale. there is no death of gold. USD status as a reserve currency will be defended at all costs. the Fed through its proxies will drive investors away from gold as much as possible. dollar strength is more about other currencies weakness- what do you expect when the rest of the world is printing/easing and in the US Hilsy articles make people consider when the Fed starts tapering etc.
all the guys who bought the last weeks are already sitting on a loss... well played buddies :D
They are? Are all the people who bought Apple yesterday sitting on a loss, or is it just the gold buyers? If they didn't sell they haven't lost anything now have they?
Thats the beauty of price suppression. They can tell you "Gold: We'll give you $1400 USD for it. Its the going rate"
But they can't make you sell it at the 'going rate'! Thats where psychological warfare comes in handy. Most people are so emotional with their investing, TPTB are spot on to pursue that route. But it doesn't work on everyone, nor does it work for ever.
JJ McApe,
Not everyone has a two week horizon.
Sheep, though, do tend to have very short attention spans.
"all the guys who bought the last weeks are already sitting on a loss... well played buddies"
ah, what if u starting stacking back in 2007?????
brilliance abounds..........buddy
Fascist money, fascist markets. It's a good day to be goon or a bootlicker.
Indicative of? Inflationary depression....manipulation....decoupling....or whatever? Good luck finding someone willing to sell now US eagles, etc., at these levels; you may be able to buy problem gold at these discounted levels and then lose on the back end.
Martin Armstrong says if gold closes the year under 1310, then gold won't reach its highs until 2024 (as opposed to 2017).
He also says that the reason that there is no inflation is because US$ are the world's reserve currency; as though that wasn't the case prior to an increase in the monetary base from 800 bil to 3 tril.
Gold is overpriced in real terms and under priced relative to the supply of money (currency) is the way that I see it.
Much as I enjoy a lot of Armstrong's writings, his 'refutations' of the PM price manipulation thesis are extraordinary contortions of logic, and seem to ignore any evidence re CB leasing, bullion bank rehypothecation, ABN Amro default, etc, etc.
If he's so 'all-seeing', why doesn't he ALREADY know whether gold will close this year under 1310? It's ~almost~ as if his computer program isn't omniscient!
That's too bad. I wasn't planning to sell till about 2030, which means I'll probably miss the top...
Telling you over a year now, sell gold! SELL SELL SELL. See you around $1000.
Good luck to all the bagholders out there.
praying for 1,000 dollar gold...
We got us a paperbug, boys! YEEHAW.
If it hits $1000, the only thing I regret is not having enough dry powder for the occasion.
Can't you guys announce the smackdowns in advance, so we can prepare?
Don't get me wrong, I truly appreciate you giving away your money to help me thrive, but when you do it unexpectedly, it's harder for me to plan accordingly.
Could you pass this message along to whoever sent you here? Maybe they will listen.
Another great opportunity to load up...
Those who try to find the bottom will get smelly fingers!
So, you suggest etfs?
ooooooooooo, that's gotta hurt! It's a gobermint conspisery.
You're close, but not quite, moron!
"This is the moment stackers around the world have been waiting for!"
Certain amount of fiat is waiting to be deployed... Yes! Soon...
"Gozer the Traveller, he will come in one of the pre-chosen forms. During the rectification of the Vuldronaii, the Traveller came as a large and moving Torb! Then, during the third reconciliation of the last of the Meketrex Supplicants they chose a new form for him... that of a Giant Sloar! many Shubs and Zulls knew what it was to be roasted in the depths of the Sloar that day I can tell you."
I wonder when the price of physical gold will diverge from the price of paper gold....
I wonder when the price of physical gold will diverge from the price of paper gold....
the website i like to buy from has slowed to a crawl...
The ZeroHedge Bears posting from the Bank Huy in Brussels comes to mind: Just BTFD! :-/, [looking for the link]
"It's ALWAYS a good time to buy" - Real Estate mantra. Goldbug mantra.
Compared to? Hot air stocks? Overtaxed real estate? Bank account? Guaranteed low interest financial vehicles? Those are all insider rackets and those who are making $$$ off insider deals are the lowest dogs around.....
The whole goldbug mentality revolves around the idea that the world is rapidly heading towards total collapse, where paper money becomes worthless and all the people that have been stacking bars are now king.
Arguing against the doomer mentality is a futile exercise, and you aren't going to convince them otherwise, not matter how high stocks go or how low gold goes.
If you look at the value of the USD over the past 100 years, you will see that the rapid and steady decline in it's value is not a "theory" but rather a well documented and easily verified fact.
When you look at the value of gold over that same period of time you will also find that it's purchasing power against the dollar has remained steady.
I've come to view people who use the term "Goldbugs", as you have, in the same manner that I view people who toss out the "conspiracy theory" argument when confronted with information that contradicts what they have been "told" is true. It's hard to respect the intellectual capacity of a person who refuses to think and see what is plainly before them.
Please, this isn't a "I'll hold gold as a hedge against inflation" its a "I'll hold gold and then when the world ends, every other form of money will be revealed as fake and me and my gold and non-hybrid seeds, and arable land will be king". You aren't going to convince people that the world isn't ending, and you aren't going to convince them that there are more useful ways to invest than stacking bars for armageddon.
The world has ended hundreds of times for millions of people in all of the places where fiat has failed, as it always does, eventually.That it hasn;t crumbed here yet is just a matter of running on accumulated trust and wealth, and being the least ugly girl in the room.
And no, we don't have to be kings of anything, we just have to get by. If there's a rapid escalation in metals prices that allow us to buy assets with our PMs, great. But most of us would be happy just to be able to ride out whatever is coming without literally whoring ourselves out or stealing from our neighbors because our kids are starving.
Actually, I would be immediately convinced if Benny boy stopped dumping money out of his ass.
At this point in time WHO CARES, you have to be a moron to think that the spot price has anything to do with the physical price. That disconnect came when they manipulated the price to where it is today but yet we still have shortages on physical. lets see what happens when the paper is completely worthless and there is no more physical to be had
The emperor has no clothes, They allocated paper gold at least 10 times as much as they hold in the trust.
Another paper game, just like the fractional reserve system.
Word has it that the leverage in LBMA is about 100 to 1.
This is not just gossip, it's official statement made during CFTC hearings.
The Fed doesn't have the gold countries, like Germany want back. The Fed didn't have the German gold and what other countries wanted back so their driving the spot price down through the paper markets and replacing the gold they need at cheaper prices.
BTFD
I want to see them take it to $35/oz and then keep it there. I double-dog dare them.
Bam_Man,
They may take it down to$35/oz but you or I will not be able to buy it. Period. People from South East Asia be charting palnes to come here and load up.
Well, we've all got one thing going for us... None of us have to worry about going to hell when we die, we're already there.
If recent history is any guide...............
All clear. Markets green. Hope ya caught the dip.
India is now proposed a wealth tax(2013) on all individuals with income above ~INR 3000000 about USD 60000/yr. Top on the list for wealth tax(1% per annum) is gold and silver holdings by individuals.
Well, that should drive any Indians out of paper ETFs and into hard-to-track physical holdings. Well done, Indian government! *slaps self on forehead*
[GLD and SLV are being looted of their metal via the crime syndicate bullion banks.]
And LOL that technicals matter fundamentals dont. Technical will lead you down a dark alley to have your throat cut and gold stolen. See the fundamentals and thus know the end and don't get caught fucking with technicals like some Fed sheeple.
The technicals are only imporatnt so much as the corrupt banking syndicate try to replicate them with their manipulation.
So now the spot price heavily manipulated by criminal activity of banks so they can buy the physical cheap. Anybody else who did that would do 20 years in prison...banksters get kiss the Bernanke on the lips and scrotum.
How long before a class action against these turds in the billions of dollars? Need some whistleblowers who might live more than a few days.
If you took all of the gold in the world, it would fill 2 olympic sized swimming pools according to National Geographic.
Here's some cool graphics: http://demonocracy.info/infographics/world/gold/gold.html
I'd be very wary of owning paper gold. There's no way that all of those paper gold claims could be converted to physical; ie. it's a scam.
Yeah but all GLD and SlV can fit on a chip that can fit inside of a drop of water. I thought that was a sign of superiority!
Yay!
If Gold can't go up when every central bank in the world is printing money then maybe the Gold thesis is flawed. Also, can't the government simply revalue or confiscate your Gold with the slight of a hand?
Oh shit, it's one of those days...
The cretins and weak hands are popping up everywhere today.
Yes, it's ~almost~ as if they have some kind of interest in talking down the price. Hmmm.
I think you're confusing Gold with Paper. Ask yourself: if the paper price of gold goes to zero, how do you think this will affect the price of gold?
I myself can't think of something more bullish. So, the banksters have three choices:
- Keep smashing it down so I can buy more at cheap prices. Thanks!
- Bring it down to something ridiculously low (e.g. $1), so that true gold price discovery will happen, increasing my wealth a hundredfold. Thank you so much!
- Let it go up again.
As you can see, gold going up is the least profitable for me. So, please smash it down.
Maybe asian housewives are not the smart money after all? What a surprise that would be.
I did'nt buy my gold to make money........I bought my gold so I would have some money after all the FIAT dies.
Back the truck up.
I'd love to BTFD, but the effing premiums continue to go up, especially on silver. I'm not paying almost $4 premium on top of spot at gainesville .
will crumble through $700 Silver through $15 at least. This is an absolute economic depression.
LOL... What a load of crap.
If that's what it takes to crash the present monetary system, I look forward to it!
But I'm not worried at all because I know how "responsible" our leaders are.
yeah. But it will still cost $1530 and $28 to buy gold and silver physical respectively. d(premium)/d(Comex) < 0, and d2(premium)/d(Comex)2 > 0. That is, if you can EVEN find it to buy, should Comex go to $900 and $15 for gold and silver respectively, dealer price will still be around $1500 and $28.