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| Ronan Manly - Bullion Star |
Chinese gold imports – Better data, lower inflows, unanswered questions |
In mid-August Reuters published a story titled ”China curbs gold imports as trade war heats up” claiming that the Chinese authorities had been ”severely restricting gold imports since May” by reducing the monthly gold import quotas that are handed out to a group of Chinese and foreign banks by China’s central bank, the People’s bank of China (PBoC). The background to gold import quotas can be read here in BullionStar’s article “Chinese Cross-Border Trade Rules on Gold“.
Speaking on condition ofMonday, September 2, 2019 |
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| Ronan Manly - Bullion Star |
Chinese Gold Panda Coins now trading on the Shanghai Gold Exchange (SGE) |
In an interesting development on Wednesday 12 September, the Shanghai Gold Exchange (SGE) launched trading of a new Chinese Gold Panda Coin contract on the SGE trading platform. With the addition of this listing, the SGE now offers physical trading of these famous Chinese gold bullion coins alongside its extensive range of physical gold bar and ingot trading contracts. As a reminder the Shanghai Gold Exchange is the largest physical gold exchange in the world, and nearly all gold in the ChineseMonday, September 17, 2018 |
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| Bullion Vault |
Silver Hit by Heaviest Bearish Betting in 15 Years, Gold Prices Unmoved by Italy's 'Messy' Election |
GOLD PRICES held onto last week's closing level Monday morning in London as the weekend's national elections in Italy – the Eurozone's third largest economy – gave no clear winner overall,
writes Steffen Grosshauser at BullionVault.
Analysts and traders were further worried by US President Donald Trump's open declaration of
a "trade war", with commodity prices slipping and major government bonds rising.
Tuesday, March 6, 2018 |
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| Mark O'Byrne - gold.ie |
Gold $10,000 Goldnomics Podcast Quotations and Transcript |
In the latest Goldnomics latest podcast, we consider whether the gold price will reach $10,000 per ounce in the coming years and what factors will drive prices.
Watch on YouTube or read the quotations and transcript below.
Dave: Hello and welcome to the Goldnomics podcast where we look at global markets through the lens of precious metals. And you can keep your eye out for new episodes on iTunes, on SoundCloud and also on YouTube and you can like us on Facebook and follow us on Twitter.
And wsoSunday, March 4, 2018 |
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| Mark O'Byrne - gold.ie |
Gold Corridor From Dubai to China Sought By China |
– Gold corridor from Dubai to China sought by Chinese Gold & Silver Exchange Society– New Asian gold trading corridor could boost demand for 1 kg gold bars– Should increase turnover for yuan-denominated gold coins and bars – President
– Secure supplies of physical gold from Middle East and Asia for China
– China positioning itself as leading gold trading and owning nation
by
The Chinese Gold & Silver Exchange Society (CGSE), Hong Kong’s gold exchange, is in talks with Singapore, Myanmar and DubTuesday, February 27, 2018 |
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| Chris Powell - GATA |
Hong Kong exchange wants gold trading corridor along 'Belt and Road' |
The Chinese Gold & Silver Exchange Society, Hong Kong's gold exchange, is in talks with Singapore, Myanmar and Dubai to establish a gold commodity corridor to promote yuan-denominated products under China's Belt and Road Initiative, according to its president Haywood Cheung Tak-hay.
The gold commodity corridor could be formed by establishing an integrated infrastructure network by using Hong Kong as a base, and connect the proposed bonded warehouse in Qianhai with commercial users and precious mTuesday, February 27, 2018 |
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| BullionStar - Bullion Star |
The Celebration of Chinese New Year |
Chinese New Year is probably the most important date in the Chinese calendar, with the event being celebrated throughout China and in Chinese communities around the world. Gold plays an essential part of the Chinese New Year celebrations.
Also known as Lunar New Year, the date on which Chinese New Year falls each year is variable since it follows the Lunisolar calendar, hence the New Year festival is a movable event. However, Chinese New Year usually falls somewhere between 21 January and 21 FebSunday, February 11, 2018 |
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| Mark O'Byrne - gold.ie |
Peak Gold: Global Gold Supply Flat In 2017 As China Output Falls By 9 |
Peak Gold: 2017 Supply Flat As China Output Falls By 9%
– China gold production falls by 9% to 420.5t in 2017– Chinese gold demand rose 4% to 953.3t in same period– China is largest producer and accounts for 15% of global gold production– China does not export gold. Increasing foreign gold acquisitions to meet demand– Global gold production flat – 3,269t in ’17 from 3,263t in ’16, smallest increase since ’08– is here: supply set to fall gradually while global demand remains robust
Editor: Mark Thursday, February 8, 2018 |
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| Stewart Thomson - Graceland Update |
Gold Stocks: An Inflationary Money Train |
Technically and fundamentally, gold is poised to resume its magnificent rally that is taking investors into what I call a “bull era.”
The next FOMC meeting announcement is tomorrow. I expect the Fed to strongly signal more rate hikes and ramped up quantitative easing. There’s an outside chance that bank deregulation is addressed, but that’s likely going to happen in the next meeting.
Regardless, everything the Fed is doing is positive for inflation, negative for government bonds, and negative Wednesday, January 31, 2018 |
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| Andy Hoffman - Miles Franklin |
Dollar Destruction and Inexpensive Commodities |
Americans buy groceries with dollars. Most of the world buys crude oil with dollars. World trade depends upon dollars. That is changing but for now, it’s a fact.
SO WHAT?
If dollars weaken against other fiat currencies and against commodities, it takes more dollars to buy the same stuff. That extra-hot, sugar free, half-caf, soy latte for five bucks could be priced at seven bucks next year. Gasoline in the U.S. was $0.25 fifty years ago and now it’s ten times more expensive. Slow or fast, dollTuesday, January 30, 2018 |
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| Bullion Vault |
Gold Price $1.10 Below 4-Year Friday High, 'All About' Trump's Dollar 'Devaluation' |
GOLD PRICE gains from last Friday of 2.6% slipped to 1.5% against the US Dollar in London trade today, leaving the metal just $1.10 per ounce below a near 4-year high at its weekly close.
The Dollar eased back but held half of yesterday's sharp rebound from its lowest FX value since late 2014 after US president Donald Trump tempered "weak Dollar" comments from his Treasury Secretary Steve Mnuchin.
Friday, January 26, 2018 |
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| Ronan Manly - Bullion Star |
US Gold Reserves, Of Immense Interest to Russia and China |
Recently, Russian television network RT extensively quoted me in a series of articles about the US Government’s gold reserves. The RT articles, published on the RT.com website, were based on a series of questions RT put to me about various aspects of the official US gold reserves. These gold reserves are held by the US Treasury, mostly in the custody of the US Mint. The US Mint is a branch of the US Treasury.
The first of these articles, published by RT on 30 December 2017, is titled “US gold ofFriday, January 19, 2018 |
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| SRSrocco - SRSRocco Report |
Chinese Physical Gold Investment Demand Surges While Americans Pile Into Stock and Crypto Bubbles |
Chinese demand for physical gold investment surged in the first three-quarters of 2017 while Americans ditched the shiny yellow metal for increased bets in the crypto mania and stock market bubble market. Even though China’s Hang Seng Stock Market outperformed the Dow Jones Index last year, Chinese citizens purchased the most gold bar and coin products Q1-Q3 2017 since the same period in 2013, when they took advantage of huge gold market price selloff.According to the World Gold Council, ChinesWednesday, January 17, 2018 |
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| Stewart Thomson - Graceland Update |
Gold Stocks Are Bullion On Fed Steroids |
Gold and related investments are off to a very positive start in 2018. I don’t expect any major pause in the action until China’s Golden Week holiday celebrations get underway.
Chinese gold dealers will be on holiday this year from about February 15 to February 21. This creates a significant vacuum in gold demand. As dealers and Chinese gold markets close, the gold price tends to soften in global markets.
The good news is that gold has a rough general tendency to rally strongly ahead of the GoWednesday, January 17, 2018 |
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| Jan Nieuwenhuijs - Bullion Star |
How The West Has Been Selling Gold Into A Black Hole |
In December 2016 Chinese wholesale gold demand, measured by withdrawals from the vaults of the Shanghai Gold Exchange (SGE), accounted for 196 tonnes, down 9 % from November. December was still a strong month for SGE withdrawals due to the fact the gold price trended lower before briefly spiking at the end of the month, and the ChineseFriday, January 5, 2018 |
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| Jan Nieuwenhuijs - Bullion Star |
China Gold Import Jan-Sep 777t. Who’s Supplying |
While the gold price is slowly crawling upward in the shadow of the current cryptocurrency boom, China continues to import huge tonnages of the yellow metal. As usual, Chinese investors bought on the price dips in the past quarters, steadfastly accumulating for a rainy day. The Chinese appear to be price sensitive regarding gold, as was mentioned in the most recent World Gold Council Demand Trends report, and can also be observed by Shanghai Gold Exchange (SGE) premiums – going up when the goldThursday, November 16, 2017 |
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| Steve St Angelo - SRSRocco Report |
Two-Thirds Of The Top Primary Silver Miners Suffered Production Declines In 2017 |
It has been a rough year for many primary silver miners as two-thirds have suffered declines in production. Also, many high ranking silver producing countries are also experiencing a pronounced reduction in their domestic silver mine supply. According to the data put out by World Metal Statistics, Chile’s silver production is down 20% in the first eight months of the year, while Australia is down 19%, Mexico declined 2% and Peru lower by 1%.The Silver Institute will be releasing their 2017 SilWednesday, November 15, 2017 |
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| Jan Skoyles - GoldCore |
World’s Largest Gold Producer China Sees Production Fall 10 |
– Gold mining production in China fell by 9.8% in H1 2017
– Decreasing mine supply in world’s largest gold producer and across the globe
– GFMS World Gold Survey predicts mine production to contract year-on-year
– Peak gold production being seen in Australia, world’s no 2 producer
– Peak gold production globally while global gold demand remains robust
Editor Mark O’Byrne
Gold production in the world’s largest gold producer and buyer fell by nearly 10% in the first half of 2017 in what may be aTuesday, November 7, 2017 |
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| Chris Powell - GATA |
Hong Kong gold trade linked to Shenzhen; Dubai, Singapore, Myanmar next |
By Enoch Yiu
South China Morning Post, Hong Kong
Friday, November 3, 2017
http://www.scmp.com/business/commodities/article/2118346/900-kilos-gold-...
Nine hundred kilos of gold, worth 300 billion yuan (US$38.45 billion) swapped hands on Friday evening in the first cross-border trading under the newly launched "Gold Connect," which links the gold markets of Hong Kong and Shenzhen.
The first trades were made after a ceremony hosted by Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor and HaywooFriday, November 3, 2017 |
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| Graham Summer - Gains Pains & Capital |
BREAKING: China - World's Largest Gold Producer Mine Supply Plummets 10 |
The world's top gold producer saw its mine supply plummet by 10% in the first half of 2017. According to the GFMS World Gold Survey newest update, China's gold production in 1H 2017 fell the most in over a decade. The fall in Chinese gold production is quite significant as the country will have to increase its imports to make up the shortfall in its mine supply
The data in the GFMS 2017 Q3 Gold Survey Update & Outlook reported that Chinese gold mine supply declined 23 mFriday, November 3, 2017 |
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