Blog Archives

Gold Flows East – India and China Import Massive Quantities of Bullion from Switzerland

Gold Flows East – India and China Import Massive Quantities of Bullion from Switzerland

– Singapore, India and China continue to import staggering volumes of gold from the West
– U.K. exports of bullion to Switzerland increase 6 fold to a very large 97 tonnes
– Gold exports from Switzerland to both China and India doubled in March
– Shanghai Gold Exchange (SGE) becoming most important centre for physical gold trade
– LBMA says London gold trade will not move to exchange
– Gold price languishes at all time inflation adjusted lows despite robust demand …
– Gold will protect Asian peasants and western middle classes …

goldcore_chart1_27-04-15

In what future generations will likely see as a major, potentially catastrophic blunder of monetary policy, the West and particularly the City of London continues to hemorrhage huge volumes of gold which is flowing Eastwards to Singapore, India and China from London via Switzerland.

“Gold exports to China from the refining hub of Switzerland almost doubled to 46.4 metric tons in March”, up from 23.6 tonnes in February” according toBloomberg. India’s gold imports from Switzerland doubled to 72.5 tonnes in the same period. (more…)

Tagged with: , , , , , , , , , , , , , , , , ,

Currency Wars – Russia and Netherlands Buy 30 Tonnes Gold In December

Currency Wars – Russia and Netherlands Buy 30 Tonnes Gold In December

Russia and surprisingly the Netherlands were the largest central bank buyers in December – accumulating a significant 30.34 tonnes between them as currency wars intensify.

Demand for gold as a diversification and monetary asset continues to be very robust and central banks remain net buyers of gold which should be supportive of prices.

goldcore_bloomberg_chart1_28-01-15

The Netherlands, which has the ninth-biggest gold reserves,  raised its bullion holdings for the first time in 16 years. It added  9.61 tonnes to bring total gold reserves to 622.08 tonnes.

Russia raised its gold reserves for a ninth straight month in December as the country continued its multi month gold buying spree, adding to the fifth-biggest gold holdings in the world, data from the IMF showed yesterday.

Russia continues to dollar cost average into gold and increased its bullion holdings by another hefty 20.73 tonnes to 1,208.23 tonnes in December.

The December figure for Russia, who have the fifth largest reserves in the world, brings their officially stated reserves to 1208.23 tonnes. If this trend were to continue their officially stated reserves would increase 20.6% this year.

goldcore_bloomberg_chart2_27-01-15 (more…)

Tagged with: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Jim Willie: Shanghai Shock to Shatter the Gold Market!

The pattern of central bank covering the debt is clear.  The lesson is that central banks can apply paper patches to the failed banks, and buy more time, then repeat the process on the next failed bank event. No limit to their bank patches seems to be in force.   The banker cabal can continue endlessly since their patches are based on paper solutions, fiat paper money spew, and they control the paper output. They are the masters of the House of Paper.
The paper mache solutions can continue in a seemingly endless manner, but not in the Gold market.
The intervention and suppression in the Gold market is finite.   It requires Gold bullion, the physical ingot bars, in order to execute the perpetuated interference and alteration to this financial niche market.
The manipulation is finite, and it is coming to an end.
When the Shanghai shock comes, ALL THE PAPER GOLD STRUCTURES WILL FALL, all the FOREX derivatives will collapse, & all the control rooms will go into panic mode.

Click here for the Latest Hat Trick Letter The Shanghai Shock to Shatter the Gold Market:

Tagged with: , , , , , ,

The LAST Move Before Checkmate…

When the Shanghai exchange runs dry out of silver, they will use the event as a legitimate checkmate excuse to revalue both silver and gold.  This ties in with Dr. Jim Willies “GRAND GOLD SHOCK EVENT” prediction.  China’s physical gold holdings will go up in value all while they rake in their paper shorts on the other side.  This will cause shockwaves to the gold, silver and the FOREX derivative markets!
Without the Shanghai physical drain on silver supplying the mints, the COMEX and LBMA would have defaulted by now.  This is no accident.  China created the loophole like a Trojan horse targeting the Achilles’ heel of the financial system.  Silver is the sacrificial pawn.
Wall Street took the arbitraged silver bait and it’s almost time to back up the truck and go ALL-IN!  Gold and silver are about to slingshot out of the station!  The game ends when Shanghai runs out of real silver!
A PLANNED CHECKMATE IS NOW IN FULL VIEW.

Click here for more on the planned Shanghai Checkmate:

Tagged with: , , , ,

Harvey Organ: Shanghai Drained of Silver, Bullion Banks Are About to Attack the COMEX!

Gold & silver expert Harvey Organ joins us this week for an explosive and power packed show discussing:

  •  Criminal collusion by the CFTC officials how CFTC knew what was going on with gold & silver manipulation, and wanted to keep the price suppression game alive while China corners the market
  • More pain ahead for gold & silver?  Why Harvey believes the whacking will continue until the last ounce of gold and silver are gone
  • Shanghai silver drain accelerating- with stocks down 93% since 2013, Shanghai vaults will be BONE DRY by December!
  • Harvey predicts the bullion banks are about to ATTACK THE COMEX– does the long awaited PM default loom in 2015?

Click here for the SD Weekly Metals & Markets With special guest Harvey Organ on why the Bullion Banks are about to ATTACK the COMEX:

Tagged with: , , , , , , , , , , , ,

China Holds “Gold Congress” – Positioning Itself As Global Gold Hub “In China, Gold Is Money”

With increased regulatory scrutiny on the London gold and silver fixings and what looks like a defensive attempt by the LBMA in London to protect their proprietary gold and silver price discovery auctions via the recently introduced CME/Thomson platform for silver and probably soon to be introduced similar CME platform for gold, it will be interesting to see how the Chinese government’s pro-gold strategy pans out.

We may soon see global gold hub wars between London and New York on the one hand and the increasingly powerful eastern hubs of Singapore, Shanghai and Beijing on the other.

(more…)

Tagged with: , , , , ,

India Sees Gold Imports Surge 65% In June

The sell off was greeted by Chinese buyers as Chinese premiums edged up to just over $1 an ounce on the Shanghai Gold Exchange (SGE). Gold price drops this year have led to a marked increase in demand for gold as seen in very large increases in ETF holdings (See chart – Orange is Gold, Purple is absolute change in gold ETF holdings). The smart money in Asia, the West and globally continues to use price dips as an opportunity to allocate to gold.

Image

(more…)

Tagged with: , , , , ,

JIM SINCLAIR: ULTIMATE BAIL-IN IS COMING- IS IT TIME TO BANK WITH THE BRICS?

Legendary gold expert Jim Sinclair has significantly reduced his public commentary over the past 6 months, reserving most of his advice for those willing to attend Sinclair’s financial meetings across the country- likely due to the fact that many new PM investors lam-blasted Sinclair over his incorrect short term call in 2013 that support in gold would hold at $1600. 
Sinclair, who in addition to his role as CEO of Tanzanian Royalty Exploration, is also the Executive Chairman of the new Singapore Precious Metals Exchange, was recently the Keynote Speaker at the 2014 Hong Kong Mines & Money conference.
Sinclair discussed how to avoid the coming Western financial system bail-in, the role of gold in the coming crisis, & banking with the BRICS. 
We highly suggest that readers check their emotions and biases at the door, and view the entire MUST WATCH Keynote address from the world’s foremost big-picture expert on gold & the financial crisis:

Tagged with: , , , , , , , , ,

CME ANNOUNCES PLANS TO LAUNCH PHYSICALLY SETTLED ASIAN GOLD FUTURES EXCHANGE

While many precious metals blogs and investors have proclaimed an imminent COMEX default since 2008, we have long maintained that the COMEX is more likely to fade into irrelevance than to outright default on gold or silver bullion as physical Asian demand would facilitate the development of physical exchanges in the east.  
It appears that the CME decision makers have seen the light and agree with us, as Reuters reports this morning that the CME plans to launch a physically settled gold futures exchange…in Asia.

Click here for more on the CME’s plans to launch a physically settled gold exchanges in Asia:

Tagged with: , , , , , , , ,

Silver Surges By 6% In Shanghai – Longest Run Of Gains Since 1968

Silver futures in Shanghai surged by 6% – the  daily exchange limit. Silver for June delivery in Shanghai climbed to 4,440 yuan/kg, highest price for a most active contract since October 31. In London, silver surged another 2.3% today to $21.99/oz and is headed for the longest run of gains since at least 1968. It is now up 11.3% year to date and is, as expected, again outperforming gold. (more…)

Tagged with: , , , , , , ,

PM Fund Manager: 57 Tons of Gold Drained From Shanghai Vaults in Past Week!

Podcast: Play in new window | Download

gold vaultOn this week’s SD Weekly Metals & Markets Dave Kranzler (Dave in Denver) joins the Doc and Eric Dubin for a discussion on real estate, the economy,  & the gold and silver markets. This week’s show covers:

  • This week’s trading: hedge fund short covering going into end of week;
  • 10 year T-bond breaks 3% and closes the week above the critical level!
  • Massive Chinese gold imports continue as 57 tons of gold drained from Shanghai vaults in past week!
  • Kranzler states the real estate market is rolling over- will give up entirety of bear market bounce over Q1 2014!

Click here for the SD Weekly Metals & Markets Wrap With The Doc, Eric Dubin, & precious metals fund manager Dave Kranzler:

Tagged with: , , , , , ,

Gold Buying On Shanghai Gold Exchange Surges Again On Sub $1,200 Gold

Chinese demand may once again stem the decline in gold prices. Chinese buyers eagerly scooped up gold at bargain prices overnight after the 4% price fall. Gold volumes for the benchmark cash contract on the Shanghai Gold Exchange (SGE), China’s biggest spot bullion market, climbed to a 10 week high as lower prices led to increased buying. The volume for bullion of 99.99% purity climbed to 19,775 kilograms yesterday, the biggest since October 8, from 13,673 kilograms the previous day. (more…)

Tagged with: , , , , , , ,