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Gold & Silver Demand Skyrockets as “Chinese Floor” Ensures Upward Price Moves
05-14-2016, 10:52 PM (This post was last modified: 05-14-2016 11:05 PM by Thinker.)
Post: #1
Gold & Silver Demand Skyrockets as “Chinese Floor” Ensures Upward Price Moves
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Don’t want to listen? Read the podcast below!

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.

There’s been some big news out of China lately, and today we’ll dive deeper into the discussion when I welcome in Gordon Chang. Mr. Chang is one of the foremost experts on the Chinese economy and has written a book titled The Coming Collapse of China.

He’ll tell us why he believes an epic collapse is imminent and what it all means for the Western financial world and why he believes there is what he calls a Chinese floor on the gold price. Don’t miss an incredibly enlightening interview with Gordon Chang, coming up after this week’s market update.

Precious metals markets are pulling back for a second straight week on follow-through technical selling. Gold ran into resistance at the $1,300 level last week, and prices have since retreated by a little over $30. As of this Friday recording, gold trades at $1,269 an ounce, down 1.6% on the week.

Gold’s more volatile relative, silver, looks lower by 2.7% this week to trade at $17.06 per ounce. Platinum is off 3.4% to trade at $1,045, while palladium shows a weekly loss of 3.1% with prices currently coming in at $592 an ounce as of this Friday morning recording.

Metals markets are correcting after being propelled upward by an explosion in investment demand in the first four months of the year. On Thursday, the World Gold Council released its latest quarterly gold demand report. According to the report, global gold demand surged by 21% in Q1. Total gold demand came in at 1,290 tonnes, the second biggest figure ever for a quarter; this, despite weak industrial demand and falling jewelry sales.

Jewelry is normally the biggest driver of consumer demand for gold. But this year investment buying is almost single-handedly driving the gold market. According to the World Gold Council, gold investment demand skyrocketed in the first quarter by a record 122%. Exchange-traded products such as the iShares gold ETF received so many investment inflows so quickly that at one point they had to suspend the creation of new shares.

Sales of gold coins are also going through the roof. The U.S. Mint reported that sales of Gold Eagles in April 2016 ran at double the pace of April 2015. Demand for Silver Eagles is also coming in brisk, with the Mint selling more than 4 million of the coins in April and 20 million year-to-date.
http://investmentwatchblog.com/gold-silv...ice-moves/

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05-14-2016, 11:05 PM (This post was last modified: 05-14-2016 11:05 PM by Thinker.)
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Putin: The ruble is the most gold-backed currency in the world Sanctions don’t hurt
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President Putin believes in the active theory of ‘containment’ of Russia, when it comes to Western foreign policy. Washington is a Printing Machine of Fiat Money.

He has often emphasized the points in time in Russia’s 1000 year history, where Russia would recuperate from whichever crisis that preceded it, only to face fierce slander on behalf of its Western partners. Putin has said that any diversion from Western interests often paints Russia in a negative light, seemingly overnight – “Even during the Yeltsin era, who the West had hailed widely as a good and proper democratic Russian leader, became a raging alcoholic sensation – as soon as he dared to defend the unity of Yugoslavia.”

The modern day, once again, is a time of resurgence for Russia from the crippling effects of the 1990s. Being ‘contained’ in various ways is therefore, nothing new. In this outtake, Putin offers a couple of words in relation to the effects of Western sanctions, plummeting oil prices, who is behind it and why.
http://investmentwatchblog.com/putin-the...bother-us/

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05-16-2016, 10:39 AM
Post: #3
Gartman: Gold soars as investors move out of currencies…
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Gold demand is off to its fastest start ever in 2016… Gartman: Gold soars as investors move out of currencies… Peter Schiff: Retail tanking, gold stocks doubling.
http://investmentwatchblog.com/gold-dema...-doubling/[/code]

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05-17-2016, 02:56 AM (This post was last modified: 05-17-2016 02:57 AM by Thinker.)
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Chinese bank ICBC to buy London gold vault
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LONDON–ICBC Standard Bank PLC said on Monday it is buying Barclays PLC’s precious-metals vault, in the latest move by the Chinese bank to increase its role in the market’s infrastructure.

The move makes parent ICBC, the world’s biggest bank, the first Chinese lender to own a vault in London and extends its influence in precious metals from pricing to storage. With China the largest consumer of many metals, the country’s banks have increasingly bid to own or help run the infrastructure in these markets.

The vault, one of the largest in Europe, stores gold, silver, platinum and palladium.
“This is an exciting acquisition for the Bank,” said Mark Buncombe, head of commodities at ICBC. “This enables us to better execute on our strategy to become one of the largest Chinese banks in the precious metals market.”

The deal is expected to be completed in July.
http://www.govtslaves.info/chinese-bank-...old-vault/

American banks are making large donations to try and keep Britain in the EU

“Eurosceptics have repeatedly said that the Remain campaign is backed only by big business.

It emerged last week that the campaign to keep Britain in Europe is being part-funded with hundreds of thousands of pounds from foreign companies and some of America’s biggest banks.

Figures from the Electoral Commission show that Citigroup and Morgan Stanley donated £250,000 each to the official Britain Stronger in Europe group ahead of the June 23 referendum on Britain’s membership of the European Union.

Two other US banks – Goldman Sachs and JP Morgan – donated £500,000 each to the Britain Stronger in Europe campaign before February when donations had to be declared.”
http://investmentwatchblog.com/american-...in-the-eu/

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