Commodity Trade Mantra

Posts Tagged ‘Chinese Gold demand’

China Embraces Gold In Advance Of Post-Dollar Era

To challenge the US dollar hegemony & increase its power in the global realm of finance, China has firmly embraced gold in its economy. With a staggering pace the government has developed the Chinese domestic gold market, stimulated private gold accumulation, increased its official gold reserves to ensure financial stability & support the internationalisation of the renminbi.

Did the PBOC Covertly Buy 1,747 Tonnes of Gold in London?

Does the PBOC buy 400-ounce Good Delivery bars in London & covertly transport these gold bars to its gold vaults in China mainland, or are they shipped to Switzerland, refined into 1 Kg 9999 gold bars, sent forward to Chinese mainland where they’re required to be sold through the SGE gold exchange, from where they can be bought by the PBOC?

Gold Seasonals Bottoming, Ahead of the Usual Major Surges

Gold exhibits strong seasonality, created by surges in global gold demand throughout the calendar year. While this has been suppressed in recent years by the Fed-fueled extreme market distortions, that anomaly is only temporary. Right now gold is experiencing its most-important seasonal bottoming.

China Starts Snapping Up Gold Mines - Which Gold Miner Next?

Buying Gold Bullion, especially buying in large quantities, can cause the prices to fluctuate significantly. The best bet? Gold Mines! Maybe even patented gold mines where the investors own both the title to the land AND the Gold in the ground. Get ready to see a huge surge in gold mine buyers, especially from China!

Shanghai Becoming Global Gold Hub And Gold Price Discovery Center

China approached foreign banks, gold producers & refiners to participate in SGE’s international bourse to boost its position as a price-discovery center for gold. It plans to launch three physically-backed gold contracts. The chairman of SGE said that China should have its own pricing benchmark as it is the biggest consumer & producer of gold.

The Truth about China’s Massive Gold Hoard

The Chinese think differently about gold. They view gold in the context of its role throughout history & dismiss the Western economist who arrogantly declares it an outdated relic. They buy gold in preparation for a new monetary order, not as a trade they hope earns them a profit. Don’t you worry about gold prices. China’s got your back.

Reckless Fed actions may push Gold Prices to over $5,000 - Peter Schiff

When the Fed has to admit that its forecast of a sustained recovery is wrong, it will come to the aid of a faltering economy with even more QE. When that happens, gold will rally. A renewed weakness in the dollar and strength in oil and other commodities will add to gold’s appeal during 2014.

China may have 1,000 tonnes of Gold tied in Financing - WGC

Chinese firms could have locked up as much as 1,000 tonnes of gold in financing deals, indicating a big slice of imports has been used to raise funds due to tight credit, rather than on consumer demand. Gold prices could come under pressure if imports are hit by a broader crackdown on using commodities for finance.

Renewed Estimates of Chinese Gold Demand

For its geopolitical strategy to work China must accumulate large quantities of bullion. Western analysts have always lagged in their understanding of Chinese gold demand & there is now evidence China is deliberately concealing its scale from us & is also happy to let us accept the lower estimates.

Gold Imports by China Jump 30% in February

The latest China gold import figures via Hong Kong show a 140% increase over the first 2 months of 2014, suggesting Chinese demand is far from slowing down. For the first 2 months of 2014, net gold imports through Hong Kong totalled 192.8 tonnes as compared with 80.6 tonnes in the same of 2013

Russia Raises Gold Holdings By 7.247 Tonnes To Over 1,040 Tonnes In Feb

Russia has increased its gold holdings by 7.247 tonnes to 1,042 tonnes in February. Turkey and Kazakhstan also raised their bullion reserves, data from the International Monetary Fund showed today. It will be interesting to see what Russian demand is in March and indeed in the coming months.

A Gold Price Rally Ahead - Similar to 2005-2008

Royal Bank of Canada Capital Markets analysts have come up with a detailed analysis of the gold market over the next few years comparing it with the big ETF driven gold price rally of 2005-2008. They also note Chinese gold demand may actually be less price sensitive than seen in India & the West.

Crimea, The Fed, China And The Gold Price Pattern

While uncertainty around Ukrainian situation & Russia’s intentions has given gold prices an additional fillip, don’t expect this to continue. Ukraine and Crimea may prove to be a storm in a teacup. It is probably the US economy & China which will hold the key to gold’s path in the ensuing months.

Chinese Physical Gold Demand YTD 369t Up 51 % Y/Y

Compared to last year, the Chinese gold demand is up 51 % over the same period – China is on schedule to establish a new record, if the world can supply any more gold. The longer this insatiable demand continues the more I start to ask myself where this gold is coming from.

Cracks in the Bearish Sentiments Towards Gold

We are beginning to see cracks in the overall bearish sentiments towards gold expressed by most bank analysts earlier this year, but some still remain unmoved by the recent positive gold price performance. How long they continue to do so if gold maintains its recovery, remains to be seen.

China’s January Hong Kong Gold Imports Soar 326% YoY

Statistics are how you read them and China both imported 326% more gold from Hong Kong in January than it did a year earlier, or 9% less than in the previous month. You can make of these statistics what you may, but to this observer it suggests that Chinese demand remains extremely strong.

Is Confidence Returning To The Gold Markets?

There seems to be a renewed confidence appearing in the gold markets – but then we have seen this before only for gold prices to crash again. Volatility in gold may not be over yet, Those interested in low gold prices still have some ammunition left, but it may be beginning to run low at last.

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