Tuesday 14 July 2015

CME Group: Something Else Driving Gold, Not Greece & China.

"Kitco News speaks with CME Group’s senior economist Erik Norland to see how he sees gold and silver set up for the second half of the year. Although investors are focused on uncertainty in Greece, and now Chinese equities, Norland says there may be something else affecting the metals. Tune in now for more from Kitco News' studio on Wall Street. Kitco News, July 10, 2015."

China Hits New Record With Over 1,162 T SGE Gold Demand For The First Half Of The Year.


  Lawrie Williams provids the further confirmation of the trend we have discussed in depth at this blog. Latest data from Koos Jansen highlights the record gold demand in China in the first half of 2015.

Growing Asian Demand In Physical Gold And Its Impact On Gold Prices.

  ANZ provides very interesting presentation of the gold demand and the rising Asia. Now we have the confirmation from the market place of what is really happening behind the scene with China and its plan for Gold. Gold has not reacted to Greece and Puerto Rico debt crises so far, even market crash In China was not able to push "the save heaven metal" above $1,200. What is really happening with gold now apart from manipulation? Actually, we can be facing 2008 situation all over again - at least in China already. Strong demand for Gold from China government, which is still accumulating record amount of gold with other Central Banks meets selling from retail investors facing margin calls on crashing Chinese equities.
 "This summer doldrums in Gold could be over very soon. Next week will be very interesting with Greece saga continued and China's rates cut after the record plunge in the stock market. Will Chinese coming back into gold finally smash the lid at 1,200 level? The news from Bloomberg Intelligence few years ago would propel gold $100 overnight easily, but today it is almost like no event in the market. While the West is chasing stocks in the Wall Street Bubble again, China is buying record amount of Gold and collecting the stakes in the best mining projects all over the world.

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