vrijdag 18 december 2015

First reactions to gold after Yellen rate hike

A day after the Yellen rate hike we watch what happens with the premium on gold and silver. I see a bullish rise in premiums.

Premiums on bullions from mines are getting higher, hitting 27%.

APMEX silver premiums are steady and rising at 26% for generic junk silver bags.

There is notable interest from China as premiums keep surging higher for silver, hitting 11% (without VAT tax adjustment).

China gold premiums are also rising above 0% level.

Very interesting is that premiums for gold coins at APMEX are rising to 4.3%, the highest since I monitored it.

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