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Gold War

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B_B schreef op 14 jul 2016 om 01:46:

B_B schreef op 8 jul 2016 om 14:49:

Elke daling is een instapmoment/ kans.
Goud is niet meer alleen een belegging of "safe haven".
Het is een "HYPE" geworden.
Het kan niet crashen, ongeacht wat de beurzen en de dollar doen.
Herstel altijd binnen 1-2 dagen.

als t een hype zou zijn dan moet je snel uitstappen voordat t instort. denk dat t verre van een hype is.
Thu Jul 14, 2016 3:08am EDT
PRECIOUS-Gold falls as market pauses ahead of BoE policy statement

BENGALURU, July 14 Gold fell on Thursday after
rising nearly 1 percent in the previous session, as the dollar
strengthened against the yen and Asian stocks stayed near
eight-month highs on expectations of an interest rate cut by the
Bank of England.
Investors bet the BoE will cut interest rates for the first
time in more than seven years to ward off recession following
Britain's vote to leave the European Union.
The central bank is expected to halve its benchmark interest
rate to a record low of 0.25 percent when it makes a monthly
policy statement at 1100 GMT later on Thursday.
Spot gold was down 0.8 percent at $1,332.33 per ounce
by 0639 GMT. It rose about 0.9 percent on Wednesday, closing at
"Despite our near-term views that gold may correct further,
we believe any losses may be limited and further declines
well-bid," HSBC analyst James Steel said in a note.
Low interest rates boost the appeal of non-interest bearing
assets such as bullion.
Spot gold is biased to retest a support at $1,328 per
ounce, a break below which could cause a loss to the next
support at $1,313, according to Reuters technical analyst Wang
Ronald Leung, chief dealer at Lee Cheong Gold Dealers in
Hong Kong, said gold prices had steadied due to a number of
stabilising factors including the appointment of a new prime
minister in the UK, and the expected interest rate cuts by the
Japanese and England central banks.
"Major central banks including the Bank of England and the
European Central Bank are expected to relax their monetary
policies, while the U.S. Federal Reserve is reluctant to raise
interest rates. People are expecting these central banks to
relax their monetary policies in the wake of the financial and
political uncertainty," he added.
Philadelphia Fed President Patrick Marker said late on
Wednesday that the central bank would likely opt for a "fairly
shallow" series of U.S. interest rate hikes, and that he wanted
to "let it play out a bit" before backing a policy tightening.

The dollar was up 1 percent at 105.57 yen, its
post-Brexit high, as investors remained focused on whether the
Bank of Japan will expand its monetary stimulus at its policy
meeting later this month.
Alles is gered (na Brexit).
vanaf vandaag geen steun meer voor de beurzen.
Goud kan weer verder omhoog.
*Natte krant*
En we zingen en we springen en we zijn zijn zo blij want er zijn geen stoute kind'ren bij.
A Curious Pattern of Comex "Deliveries"
Monday, 1 August 2016
For all of 2015, the six delivery months produced a total gold delivery of 15,070 Comex gold contracts or, on average, about 2,500 per delivery month. Each contract represents 100 ounces of "gold" so the Comex can be said to have "delivered" 1,507,000 ounces of gold in these six months or a paltry 47 metric tonnes. For all of 2015, the six non-delivery months produced a total gold delivery of 1,148 contracts or about 200 per non-delivery month. This comes out to just 114,800 ounces of gold or almost 4 metric tonnes.

Adding this all together...For all of 2015, the Comex "delivered" 16,218 contracts of gold. This was 1,621,800 troy ounces of "gold" or about 51 metric tonnes.
And now here's where things get funky...

Non-delivery May15: 26 Non-delivery May16: 2,215

Delivery Jun15: 2,959 Delivery Jun16: 15,785

Non-delivery Jul15: 728 Non-delivery Jul16: 6,987

Hmmmm. Does this seem a little unusual to you? Me, too. In fact, go back and check the total amount of Comex gold deliveries for ALL OF 2015. Do you recall the number? 16,218 contracts for 51 metric tonnes. This year, the month of June alone nearly exceeded that total at 15,785 and 49 metric tonnes! And the just-completed, non-delivery month of July had a total of 6,987 contracts for 21.73 metric tonnes of "gold". This is FIVE TIMES the delivered total for ALL of the 2015 non-delivery months COMBINED.

And the trend doesn't appear to be reversing in the just-begun delivery month of August. At contract "expiration" last Thursday, the CME reported that there were 14,402 Aug16 gold contracts still open and indicating a willingness to "stand for delivery" this month. As you can see above, delivery notices for 5,028 contracts have already been sent out so August appears set to challenge June's record for total Comex gold "deliveries" in one calendar month.
We are truly in a brave new world my the map and into the region marked "beyond which be dragons". These historical anomalies in Comex "delivery" are just another datapoint that signals extreme, global demand for gold in all its current forms. Our hope here at TFMR is that, one day soon, the entire Bullion Bank Paper Derivative Pricing Scheme will finally collapse as delivery demands simply overwhelm the Bullion Banks' ability to supply physical gold on a just-in-time basis to an insatiably hungry investment world.
WHAT’S GOING ON??? Record Swiss Gold Flow Into The United States
Tuesday, 26 July 2016

There was a huge trend change in U.S. gold investment in May. Something quite extraordinary took place which hasn’t happened for several decades. While Switzerland has been a major source of U.S. gold exports for many years, the tables turned in May as the Swiss exported a record amount of gold to the United States.

How much gold? A lot. The Swiss exported 50 times more gold in May than their monthly average (0.4 mt) since 2015

As we can see, the Swiss gold exports to the United States are normally less than 0.5 metric ton a month. And for many months there weren’t any gold exports. However, something big changed in May as Swiss gold exports surged to 20.7 mt (665.500 oz).

The overwhelming majority of gold flows from the U.S. have been exports to Switzerland and the United Kingdom (U.K.)

Furthermore, as I have mentioned in precious articles, the U.S. has been exporting more gold than it produces and imports. However, this changed in May as the Swiss exported more gold to the U.S. in one month than they have every year going back until 2000

Why the big change? Could this have had something to do with the huge gold price since the beginning of 2016, or maybe was it due to political changes such as the upcoming BREXIT vote in June? Of course the BREXIT vote is now history as the British citizens voted to leave the European Union.

However, something motivated this huge trend change in normal gold movements to Switzerland. Moreover, total U.S. gold imports in may shot up to 50 metric tons, almost double the 26.5 mt figure in April. In addition, total U.S. gold exports hit a low May as only 20.2 mt were shipped to foreign countries. Total U.S. gold exports Jan-May 2016 of 139 mt are down 28% compared to 195 mt exported during the same period in 2015.

So what’s going on here? Why the declining U.S. gold exports or surging gold imports from Switzerland? Are foreign countries demand less gold?? I doubt it. Or how about the massive increase in supposed gold flows into the Global Gold ETFs & Funds?? While there is no way of knowing how much gold these Gold ETFs & Funds hold, something seriously changed in May as the Swiss exported more gold to the U.S. in one month than they have every year for several decades.

Are wealthy Americans finally acquiring a lot more gold?

It will be interesting to see that data for the next few months when the USGS releases their Gold Mineral Industry Surveys.
Yuan use, prestige rise
Posted on November 4, 2016

What was perhaps the most important news development in the last week that will impact precious metals prices in the long run?

No, I don’t think it had anything to do with the U.S. presidential elections. In my assessment, no matter whether the Democrat or Republican candidate is elected next week, the long term outlook for the U.S. dollar and precious metals prices will be pretty much the same.

If you don’t get your news from foreign sources, you probably don’t know that last Friday, Oct. 28, the Shanghai Gold Exchange (SGE) and Dubai Gold and Commodities Exchange signed an agreement for the Dubai operation to trade gold contracts using the Chinese yuan currency for pricing.

Until the SGE began operations all gold trading worldwide was priced in U.S. dollars. The SGE began domestic trading on a small scale about 10 years ago. In 2014, it began international trading. On April 19, 2016, it began setting a daily fix in competition with the London and New York markets.

Not only did the SGE start to challenge the dominance of the world’s largest gold trading markets in London and New York by pricing contracts in yuan, it also adopted three other trading practices that I consider to be long-term improvements over how the Western markets operate.

First, virtually all (96 percent) trades on the SGE are settled with immediate delivery of the underlying physical metal. In the London and New York markets, there is only a tiny fraction of gold in the respective bonded warehouses available for delivery against maturing contracts. Hence, the latter two markets are almost purely involved in the trading of paper contracts.

It is feasible for the SGE to make prompt physical delivery because of the second difference – no contracts can be offered for sale on the SGE until after the physical metal for that contract is delivered into SGE vaults. This makes it much more difficult to suppress precious metals prices by flooding markets with “naked” short sales of paper contracts.

Third, SGE gold contracts are for one kilogram metric weight, the measurements used almost everywhere around the globe. The London Bullion Market Association contracts trade 400 troy ounce bars and the New York COMEX contracts are for 100 troy ounce bars.

Thus, going forward, it makes sense that the form of contracts traded in Shanghai would catch on elsewhere. However, that is not all what is going on. In September last year, when it was announced that the Chinese yuan would become a component of the International Monetary Fund Special Drawing Rights (SDR) as of the beginning of October this year, that was a signal that the Chinese yuan would also further displace the U.S. dollar, the euro, Japanese yen and British pound, in central bank reserves.

Earlier I warned that there was some prospect that there could be a significant short-term decline in the value of the dollar as central banks rebalanced their reserves to mirror the changes in the SDR – by reducing their holdings of dollars, euros, yen and pounds to replace them with yuan. Alternatively, if this short-term decline did not occur, the long-term outcome would still be the same.

In announcing that the Dubai exchange would begin pricing gold contracts in yuan, SGE officials also stated that they are in talks with other exchanges about doing likewise.

This was not the first significant shift in international finance since the yuan officially became a component of the SDR at the beginning of October. At the beginning of last week, the Philippine central bank announced that it had decided to add the yuan to its reserves. This parallels previous announcements by the central banks in Nigeria, Tanzania, South Africa, Russia and Singapore.

As central banks and the customers of commodity exchanges need fewer U.S. dollars, the excess will eventually be repatriated to the U.S. Treasury in exchange for American goods, services, real estate and ownership of companies. In other words, the U.S. government will be delivery valuable tangible assets in return for taking in “paper.”

As this shift from the dollar continues over the medium to long term, expect it to accelerate. The result of this declining demand for dollars for use in international commerce will be a falling U.S. dollar. As this occurs, the U.S. dollar prices of gold, silver and other precious metals prices are almost certain to go up.
While the gold war is going on, I earn on real estate) I find it funny to look at all this fuss during my stability. Everyone rushes for trends, but I bought condominiums :
in Phuket and leave a good life) I hope they wont have a revolution in the near future.
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Vertraagd 19-jul-19 06:49
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