Commodity Trade Mantra

Posts Tagged ‘Gold Exports’

How Large Was US Gold Market Trade Deficit In Q1 2015?

The U.S. Gold Market deficit in 2015 may surpass its full-year shortfall in 2014 of 69 mt (2.2 million oz) by a wide margin. Furthermore, with the heightened financial turmoil stemming from the Greek situation in Europe during the summer, I would imagine U.S. gold market deficits may be even higher in the second and third quarter.

Australia Gold Exports: Two-Thirds Of Its Gold Mine Supply To China

The majority of world gold production heads to China. In 2012, Australian gold exports to China tripled compared to 2011 reaching 110 mt, 44% of its 251 mt gold mine supply & in 2013, exported 176 mt of its 266 mt gold mine supply. In just 2 years, Gold exports to China increased from 12% of its mine supply in 2011 to 66% in 2013.

Peak Gold? Russia To Surpass Australia As World No 2 Gold Producer

Decline in gold production in Australia has been blamed on royalties & falling price in recent years. Possibly Australia may have reached “peak gold.” China & Russia are the only 2 large producers to have seen significant gold production increases as sizable ore deposits that were left untapped during the Communist eras are mined today.

US Exports More Gold To Hong Kong Than It Produces

U.S. gold production declined 5% in the first four months of the year from 72.7 metric tons in 2013, to 69.1 mt this year. And in the same Jan-Apr period of 2014, the U.S. exported more gold to Hong Kong (29% higher) than it produced from its domestic mining industry.

How Gold Helped Iran Avoid Defeat by the U.S.

Gold became Iran’s lifeline when the U.S. had inflicted a currency collapse, hyperinflation, a bank run and had caused a scarcity of food, gasoline and consumer goods, through the expedient of cutting Iran out of the global payments system. And so U.S. began stepping up enforcement of a ban on gold sales to Iran.

US Exports 128 Tons Of Gold In Jan, Feb 2014 - Supply Deficit Increases

Not only did the United States export 128 metric tons of gold in the first two months of the year, its supply deficit continues to increase. Hong Kong and Switzerland imported 105 mt of gold in the same period. The overwhelming majority of U.S. gold exports are heading to Asia, India and the Middle East.

Are The London Gold Vaults Running Empty?

The unprecedented demand for gold from China, in 2013, was being supplied to by the UK. So how much floating supply of physical gold is there left in London? Kenneth Hoffman states that the London gold vaults were virtually empty in December 2013. Are the last bars being moved out at this very moment?

The Chinese Gold Vortex

The Chinese Gold Vortex is putting an undeniable pressure on the physical market, while focus on price manipulation makes it progressively harder for price manipulators to operate. The reversal of this anomalous, yet explicable market dysfunction could provide astute investors with multi-hundred per cent returns.

U.S. Exports A Record Amount Of Gold To Hong Kong In January

The United States exported a record amount – a stunning 57 mt of gold bullion to Hong Kong in January. Total U.S. gold exports in March, 2013 were 80.8 mt compared to 80.7 mt in January of this year. Last year, the U.S. exported a total of 215 metric tons of gold bullion to Hong Kong.

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.

The Run On U.S. Gold Continues - East Absorbs All Gold West Can Deliver

The US had a record year of net gold exports in 2013. As the West continues to print fiat currency & manufacture derivatives to keep their financial systems from imploding, the Chinese & Russians focus on increasing their domestic gold mine supply while the East absorbs whatever gold the West can deliver.

Chinese Gold Demand 418 Tonnes YTD, West Confused

In the West there’s still confusion about Chinese gold demand. Banks are trying to figure out how in 2013 China imported 1158 mt through Hong Kong & a few hundred metric tons through other ports, mined 428 mt domestically, while demand according to World Gold Council was just 1066 tons.

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.

UK Gold Exports Were Twice The ETF Selling in 2013

The flow of gold from the UK to Asia via Switzerland was a defining feature of the gold market in 2013. UK Gold Exports in 2013 were nearly double the volume of exchange-traded fund liquidation. Compared with 160 tonnes in 2012, exports of physical gold bullion totaled 1,739 tonnes last year.

Record U.S. Gold Bullion Exports Head to Hong Kong & Switzerland

As the Fed continues with its Quantitative Easing policy, U.S. gold bullion exports hit a new record in the first nine months of 2013. While it’s no secret to anyone in the precious metal community, the majority of U.S. gold exports found their way to Hong Kong and Switzerland.

China Imports Over 2,000 Tons Of Gold In Last Two Years

The unofficial China gold holdings number since 2009 based on our internal calculations: about 2500 tons higher, which would make it the world’s second largest official gold holder below the US and surpassing Germany, and rising at 100 tons per month.

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