Where’s The Growth?

IMG Auteur
Published : April 25th, 2013
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( 3 votes, 1/5 ) , 1 commentary
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Category : Market Analysis

Amidst all this talk in the metals blog space about unsubstantiated claims of LBMA defaults, clients unable to get allocated gold (unsubstantiated) and Comex defaults, let’s try to stick the underlying fundaments that are proving to be the real headwinds for the precious/industrial metals at the current time.  Growth, or lack thereof.

It started with China last night as their PMI coming in at 50.5 down from an expected 51.5 number.  This news then spread to the Euro Zone where German business activity showed further contraction in Europe.  Europe cannot affords to have its biggest player slow down.  These numbers continue to show that the biggest risk short term is deflation … not inflation.

I wonder if any of our soap box friends will emphasize the economic data or simply continue to promote unfounded stories about who was unable to obtain gold from banks un-named. I make the latter statement because “legendary” Jim Sinclair told, you guessed it, KWN that an “unnamed friend was unable to obtain his gold from an “unnamed” Swiss bank and was told he would need to cash settle. Name the Bank! Simple.  Prove the story, prove the central part of the current theme and FORCE that unnamed back to respond.

Data and Statistics for these countries : China | All
Gold and Silver Prices for these countries : China | All
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Dan Dontrose simply does not get it and for the life of me I cannot understand how he even gets a gig at 24h.

There was a one and a half hour wait to pick up/buy gold at a bullion dealer in Sydney last week.
But that is NOT the issue, for e.g. buyers could simply have their purchase delivered.

The FUNDAMENTAL VIEW is this....there is NEVER A SHORTAGE of GOLD whether there is deflation,inflation or stagflation

THERE WILL BE A WITHHOLDING OF GOLD FOR SALE.
People WHO DO NOT OWN GOLD will then realise its true value.
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Dan Dontrose simply does not get it and for the life of me I cannot understand how he even gets a gig at 24h. There was a one and a half hour wait to pick up/buy gold at a bullion dealer in Sydney last week. But that is NOT the issue, for e.g. buyers c  Read more
S W. - 4/25/2013 at 8:08 AM GMT
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