February 19, 2025
Dear Fellow Investor, |
| I’ve been reporting on the extraordinary gold flows of recent weeks, which have been driving the price of gold to record levels. |
| Those mysterious flows, generally blamed on concerns over potential U.S. tariffs on gold and silver, have combined with other factors to indicate that something much deeper and more compelling is happening.
In short, it appears that cracks are now spreading in the global gold market infrastructure, with tremendous implications for the price of the metal. |
| A Stunning Picture Emerges |
| The following two charts, courtesy of our friend Nick Laird at his highly recommended GoldChartsRUs.com site, paint a remarkable picture.
The first chart shows how gold from around the world, and primarily from London, is flooding into the New York vaults of Comex: |
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| The second chart shows that this gold is immediately being pulled out of those vaults through a stunning surge in physical deliveries: |
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| Now, the flows of gold from the London Bullion Market Association vaults into Comex could be explained away by the threat of tariffs...but that doesn’t explain the coincident surge of deliveries — physical demand — from Comex. ...Or the tremendous levels of gold demand now being seen from central banks, institutions and individuals around the world. Again, these moves smell of desperation...and they have helped propel gold to record price levels in an historic new bull market. |
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| That leaves us to wonder whether these developments are a sign that the huge central bank gold sales of the 1990s, which resulted in thousands of tonnes of official reserves being sold and replaced by IOUs, are now being desperately reversed?
Or is it an indication that the fragile paper gold and paper silver fractional reserve schemes are finally cratering under the weight of massive physical demand?
Or both?
More generally, is the shadowy global gold market, long hidden from prying eyes and accountability, now rushing to cover its tracks as the “new sheriff in town” yanks one curtain after another open? |
| Consider that, if the JFK, UFO and likely Epstein files will soon be exposed to the glare of public view, how long could the status of global official gold reserves and the officially sanctioned trading schemes remain hidden? |
| And all this comes amid growing calls for a long-awaited audit of the U.S. official gold in Fort Knox and elsewhere (and its ownership).
The bottom line is that President Trump and his team have become veritable bulls rampaging through the establishment’s china shop.
It’s been exciting, entertaining and occasionally scary. And this is only the beginning. |
| Make Sure You’re Ready For What’s Coming |
| As I’ve been reporting, we are now progressing through the end game of a 45-year trend of ever-easier money and ever-greater debts. The macro-economic picture is on the side of gold like it hasn’t been since the 1970s.
And now we finally have the politics on our side as well. |
| It’s going to be a lot of fun to be a gold bug over the next few years, and it’s our job to make sure we’re prepared. |
| I’m going to cover all of this and more in our March issue of Gold Newsletter being published next week. I’m also going to give updates and recommendations on many of today’s most exciting junior mining stocks.
If you’re not already a subscriber, time is running out for you to take advantage of this remarkable turning point in the metals and mining markets. I urge you to click on the link below to subscribe now. |
| All the best, |
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| Brien Lundin
Publisher, Gold Newsletter
CEO, the New Orleans Investment Conference |
| CLICK HERE
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