10 May 2016

Gold And Silver Deliveries On Monday May 9

The poor complain; they always do,
But that's just idle chatter.
Our system brings rewards to all,
At least to all who matter.

Gerald Helleiner, Canadian economist

The house account at HSBC, aka the custodian for GLD, and a large customer for ABN Amro offered 100 bars of gold bullion which was taken primarily by the house accounts at Nova and JPM.

May is a 'nothing' month for gold.  The next big month will be June.

And for silver, the customers were giving up their bullion and the house accounts JPM and Nova were taking most of it.

Hi ho.