RSSCategory: Category: Physical Market

Chinese Gold Rush Underway

Chinese Gold Rush Underway

The chart depicts the explosion in Chinese gold imports from Hong Kong since January 2012, during which China imported an astonishing 1,206 tonnes of gold – 20% more than the nation’s latest official gold holdings of 1,054 tonnes. In the first quarter of 2013 alone, China imported 372 tonnes from Hong Kong, or nearly what was imported through the entire first half of 2012.

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Lower Gold Prices Continue to Spur Demand for the Physical Metal

Lower Gold Prices Continue to Spur Demand for the Physical Metal

Bullion dealers around the world continue to struggle to find adequate supplies as demand remains strong, especially in the Middle East where concerns about inflation and geopolitical risk with regard to Syria and Iran is leading to very robust demand. While the demand for physical gold continues in the East, individuals in the West are cutting their bets on the precious metal. Investor sentiment seems to be about as bad as it can get.

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Moscow Exchange Will Offer Physical Precious Metals Trading – A Game Changer?

Moscow Exchange Will Offer Physical Precious Metals Trading – A Game Changer?

An interesting comment on this evolution came from Jim Sinclair. He calls it the most important development in the gold market in his 53 years involvement in gold. He sees in it the opportunity to replace the paper gold manipulative fraud market by gold price discovery.

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US Treasury Gold – Is It There?

US Treasury Gold – Is It There?

How much physical gold do you have? How much do you want when you contemplate nearly $17,000,000,000,000 in official US government debt, another $100 – $200 Trillion in unfunded liabilities, and nothing backing that unbelievable amount of debt except the “full faith and credit” of what is clearly a government that won’t balance a budget and must resort to printing dollars to pay its bills?

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US Silver Eagle Sales Best First Half Year Ever

US Silver Eagle Sales Best First Half Year Ever

The point is very simple: US Silver Eagles are in very high demand, whether looking at yearly of half yearly sales figures, or comparing it with the Gold Eagle sales. The most plausible explanation for this trend is that people (retail investors) realize the dangers and severity of this crisis, and seek some form of “safety”. Silver being “poor man’s gold” is more affordable to the retail public.

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Indian Government Desperately Tries To Discourage Gold Demand

Indian Government Desperately Tries To Discourage Gold Demand

In an attempt to save their local currency and control the current account deficit India is imposing measures to control gold demand and trade. The first measure which was announced earlier this week imposes a ban on bank credit for gold imports the Reserve Bank Of India. Today, India announces an increase of the import duty.

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Market Status Update As Seen by Perth Mint

Market Status Update As Seen by Perth Mint

Bron Suchecki admits not being sure how to read current market behaviour. On the one hand, weak investor sentiment could be signaling a bottom. On the other hand, it could also signal a sell off in gold and silver prices if the large seller(s) which caused the mid-April crash will test the strength of the market. Regulators did not show too much interest to investigate this anomaly, so why should the seller(s) not repeat it.

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A Gold Myth Exposed With 7 Simple Figures

A Gold Myth Exposed With 7 Simple Figures

GLD ETF liquidation points to disinterest of some types of investors with a profound impact on price, at least short to mid term. However, physical gold selling by the GLD ETF and COMEX are not necessarily signaling the end of the bull market. Physical gold selling and buying is an equation. The gold market is not one dimensional.

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High Premiums Reflect Strong Global Demand For Physical Gold

High Premiums Reflect Strong Global Demand For Physical Gold

Demand for physical gold remains extremely high all over the world. After the flash crash of mid-April which statistically occurs once in a billion years the flight to physical gold and silver has been unseen. Premiums had risen to extreme levels. In fact, the premiums are still extremely high, reflecting the continuing high demand. Only in India and Hong Kong have premiums come down from their highs earlier this month.

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Grant Williams: Difference Between Gold Price And The Price Of Gold

Grant Williams: Difference Between Gold Price And The Price Of Gold

The gold price is not what matters, but the price of gold will be much more important going forward! After the mid-April crash, premiums have been quoted as much as 25% above the gold price which completely negated the entire downward move of the price of gold in the futures market.

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Belgium Decreases Loans of Gold Reserves to Bullion Banks

Belgium Decreases Loans of Gold Reserves to Bullion Banks

Belgium has sold some 1,000 tons of gold into the market. Belgian gold reserves were +1,000 tonnes in 1978. Interestingly, the EU membership and monetary union played a significant role in the sale of its gold. The revenues of their gold sales were reported to reduce government debt in foreign currencies. The central bank of Belgium announces that 25 tons of their gold reserves has been lent to bullion banks, but that the amount is set to decline.

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Turkey, Russia, Kazakhstan, Azerbaijan Buy 30 Tonnes Gold In April 2013

Turkey, Russia, Kazakhstan, Azerbaijan Buy 30 Tonnes Gold In April 2013

According to the latest report from the IMF, central banks of Russia, Kazakhstan and Azerbaijan have increased their gold reserves last month. The three countries have added some 12 tonnes to their gold reserves in April. Moreover Turkey has added approximately 18.8 tonnes to their official gold reserves.

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When Will The Physical Market Start Setting The Gold Price?

When Will The Physical Market Start Setting The Gold Price?

David Morgan believes that the paper market will still dominate the price through 2014. Right now, there are big differentials between the retail price and commercial bar prices. As long as commercial bars will be delivered in a somehow timely manner the paper market will have some basic credibility. Once that breaks down, it will signal the tipping point.

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SLV Shows A Bullish Divergence

SLV Shows A Bullish Divergence

You have to realize how crazy-anomalous 2013 has been. Melting-up stock markets breeding euphoria are very rare, only seen at the ends of major bull markets. Stock euphoria diverting capital away from all other asset classes is equally as rare. But if you’d told me how 2013 would play out in the stock markets, GLD, and gold, but said SLV would ignore the carnage, I would have thought that was utterly impossible.

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