Commodity Trade Mantra

Posts Tagged ‘Gold Premiums’

The Role of India in the Global Gold Market

With such a long pro-gold culture and tradition at the individual and official levels, the role of India in the gold market should not be underestimated. In any reset of the international monetary system, such a large possessor of gold in official and private hands will also play a major, if not a principal, role.

Gold Vulnerable To Manipulative Sell Off In June - Bargain Hunters Delight

Technically, gold is vulnerable to a further fall in the short term & seasonal trends say June is traditionally one of the weakest months for gold as its 5 & 10 year average performance in June is negative. But being able to buy gold cheaper, given the state of the world today is “like being given discounts on life-rafts on the Titanic.”

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.

India Tightens Checks to Curb Gold Smuggling

India has started to make physical checks of gold stocks held by wholesalers to ensure inventories match quantity imported as India steps up efforts to halt gold smuggling. This could aggravate shortages in the physical market as authorities seize gold without a valid provenance, boosting premiums.

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