China physical gold and silver demand is going through the roof

Even though the West is not interested in gold and silver (look at the low gold/silver premiums), China is buying like there is no tomorrow.

The evidence for this can be found in the SGE numbers. The latest month December 2018, SGE withdrawals were 44.5 tonnes per week, which is historically pretty high.

Also the silver and gold premiums in Shanghai are very high. Notice that the gold price is the same as in 2017, but the premium is much higher now. So that could mean gold is breaking out, because of Chinese buying.

 

 

India is also importing a lot of silver.

New Zealand bitcoin exchange hacked

Another bitcoin exchange hacked. Do you feel lucky? I sure don't, that's why bitcoin is not the future...

https://www.cryptopia.co.nz/

U.S. dollar is slowly losing reserve status: COFER

2 Year Yield Vs. Fed Funds Rate

If you want to predict whether the Fed will raise rates or not, you just need to look at the 2 year bond yield, which is a leading indicator for the Fed Funds Rate.

JP Morgan COMEX Registered Silver Declines From 5,122,062.104 To 5,116,914.804

For years, JP Morgan hasn't changed its registered silver at the COMEX, but it FINALLY happened. Registered silver went from 5122062.104 to 5116914.804.

Date	Registered	Eligible	Total
29-Jun	5,122,062.104	138,101,864.800	143,223,926.904
6-Jul	5,122,062.104	138,101,607.330	143,223,669.434
9-Aug	5,122,062.104	139,782,517.360	144,904,579.464
16-Aug	5,122,062.104	140,286,027.820	145,408,089.924
4-Sep	5,122,062.104	140,286,027.820	145,408,089.924
13-Sep	5,122,062.104	139,095,040.670	144,217,102.774
14-Sep	5,122,062.104	139,095,040.670	144,217,102.774
20-Sep	5,122,062.104	137,313,426.370	142,435,488.474
21-Sep	5,122,062.104	137,313,376.820	142,435,438.924
3-Oct	5,122,062.104	134,919,662.210	140,041,724.314
24-Oct	5,122,062.104	142,770,806.105	147,892,868.209
30-Oct	5,122,062.104	143,984,667.905	149,106,730.009
14-Nov	5,122,062.104	147,210,666.625	152,332,728.729
30-Nov	5,122,062.104	145,418,411.965	150,540,474.069
3-Jan	5,116,914.804	141,849,900.705	146,966,815.509