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Are we witnessing the end of "paper" gold with the blatant disconnect in between futures (paper) and physical market ?

With very little physical available and demand substantial, there is soon likely to be pressure on the paper market. Investors who have bought gold and silver futures will be concerned of the contracts being honoured and ask for delivery. What we are seeing now is probably the beginning of the end of the gold and silver paper market.

Gold bullish wedge breakout. $1700 next.

The system is bankrupt… The system is broken and bankrupt. This did not start now with the Coronavirus. It didn’t start in August and September (of 2019) when central banks said we would do everything we can with the Fed QE, repos and the ECB (European Central Bank) QE…

We were looking for the weak point in the mountain of debt that was growing year by year, with global public and private debt at about three times the world's GDP. What would cause a crisis, such as the subprime crisis in 2008? As we can see, it was a Black Swan, external to the economy, that turned everything upside down: the coronavirus.

I'm not sure how accurately the price of gold that I see on my screen reflects the actual demand. The gold market seems split at the moment. While the price is falling, meaning there are more sellers than buyers, everything I read on Twitter is that physical gold is nearly unobtainable.

Before I talk about markets and gold further on in this article, I will mention some of the horrific effects that are now hitting the world due to Coronavirus. Just to summarise that my market views haven’t changed. Stocks will go down by at least 90% from here and gold will surge to levels that few can imagine.

High price volatility and very strong demand for physical gold and silver have led to delays and stock shortages at our various suppliers, mostly for the bars and coins we sell.

In 15 days, the price of an ounce of gold in euros has risen from €1555 (first fixing on February 24 in London) to €1443 at the time of writing. With a low of €1437 per ounce, this represents a drop of 7.59%. And, since March 6, the price seems to have started to fall again. Should we be worried about this?

This is it! The party is over. The world is now facing the gravest economic and social downturn in Modern Times (18th century). We are now entering a period of global crisis that will change the world for a very long time to come.

The economy is being hit hard by the coronavirus pandemic, the risk of recession is looming, and now the central banks are rushing in like a white knight!

In the short and medium term, the value of stocks, bonds and currencies should undergo a violent readjustment due to the explosion of the debt bubble, hang on to your precious metals, which conversely will be very strongly revalued upwards.

In order to provide ever more complete information on gold and silver prices, Goldbroker.com has recently deployed new charts and tables :

I am more bullish than ever on precious metals. Look at these charts - big picture, nothing has changed. The recent correction is clearly not a concern. What do you think will happen when the stimulus comes ?

I have been standing on a soap-box for almost 20 years endeavouring to explain the virtues of gold for wealth preservation purposes. Only a very small group has understood. The great majority will sadly learn their lesson the hard way.