Oh and fun facts:* Total silver demand hits record high according to Silverinstitute.org
* U.S. Silver production in August is down a stunning 14% vs last month, down 10% vs previous month.
* US Mint stuns silver market, suspends silver eagle for the year.
In 2015 the US Mint unexpectantly halted production in December... So this year they stop in November!
My personal feeling is that the market is extremly tight and that the recent sell off in futures at the COMEX pnzi scheme was to shake out supply from GDL and SLV.
Other news backing this price decline vs world physival demand:
* Russia’s gold reserves rose by 1.3 million toz in October, or just over 40 tonnes, says Russian cenbank.
Thats a monthly RECORD!
*September Indian gold imports rise 63% month over month.
* India gold premiums jump, bargain hunting props up China demand.
* Gold quotes in India – gold traded for as much as Rs 49,000 per 10 grams or US$ 2,294 per ounce
( https://www.bullionstar.com/blogs/bullionstar/guest-post-jayant-bhandari-gold-price-skyrockets-in-india-after-currency-ban/ )