Gold & Silver EFP Premiums Surge Again...

A few weeks ago we wrote about Bob Coleman’s report regarding how there was a sudden surge in the spread between the prices that gold and silver trade at in London, and on the COMEX futures.

The spread between the two, known as the EFP, experienced a sharp spike that left the difference between the spot price in London and the futures price in New York as high as $60 in gold, and $1.05 in silver.

If you're new to the EFP concept, and have not already read the above-mentioned piece, I think you would find it worth your while to do so and get a brief explanation and background.

Because while the premiums did die down shortly after this happened back in early December, I suggested that we may not have seen the end of that. And this afternoon, Bob reported that we have indeed seen another spike.