Tuesday, June 27 2017

Sprott Precious Metals Watch

To investors sympathetic to the portfolio-diversification potential of precious metals, yet desirous of an asset with practical “real world” applications, we offer for consideration the unique fundamentals of silver. In this report, we explore the compelling investment utility of a portfolio commitment to silver.

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Monday, June 26 2017

India Said to Plan Gold Policy Revamp for $19 Billion Sector

India, which vies with China as the top consumer of bullion, is working on new policies to improve transparency and help expand its $19 billion gold jewelry industry, according to people with knowledge of the matter.

The plans being worked out by the finance and commerce ministries along with industry groups should be finalized by the end of March, the people said, asking not to be identified because they aren’t authorized to speak publicly. D.S. Malik, spokesman for the finance ministry, didn’t answer calls to his cellphone, while a spokeswoman for the commerce ministry didn’t reply to an email seeking comment.

The start of a spot bullion exchange, to make gold supply more transparent and help enforce purity standards, is under consideration, the people said. An import tax of 10 percent could also be reduced as the government seeks to eliminate smuggling, they said. The plans also include a dedicated bank for the jewelry industry, according to one of the people.

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Crypto Currency Percentage Changes

Cryptos doing what goldstocks do...

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Crypto Currencies

I have added in a new section for subscribers covering the Crypto Currencies



There's 1/2 dozen pages which show the top currencies & how they have performed.



It's a Wild West World which seems very similar to speculating in gold stocks. Lots of hype speculation profits & losses.



Prepare to be amazed.

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Saturday, June 24 2017

Transparent Precious Metal Holdings - Gold/Silver

Flows this week

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Gold/Silver - Futures - COTs - Commitment of Traders

COTs this week

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Switzerland Gold Imports & Exports

Swiss imports/exports for May

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Swiss gold exports jump 39% to 170 mt in May on Indian demand, a five-month high

Gold exports from Switzerland totaled 170 mt in May, up 39% from 122 mt in April, Swiss federal customs data showed Thursday.

The total is largely unchanged from a year earlier, down 2% from 174 mt in May 2016, but is the highest volume of the year so far.

India was the largest destination for Switzerland's gold for the fifth straight month, with 68 mt exported in May, up from 18.5 mt in May 2016.

The volume is up 40% from April and is the largest export volume to the country for 18 months.

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Friday, June 23 2017

Monetary Metals Brings Back the Gold Forward Rate

Monetary Metals announces that it is now publishing the gold forward rate (GOFO), calculated using public market data. The MM GOFO™ has better than 0.99 correlation to the historical GOFO published by the London Bullion Market Association (LBMA). The company also publishes the silver forward rate, MM SIFO™.

The forward rate is important to gold mining, refining, jewelry, mint, and industrial manufacturing companies, because their financing and hedging transactions depend on it. However, the LBMA stopped publishing GOFO in January 2015, and SIFO in in November 2012.

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Gold’s True Fundamentals

In no particular order, the gold market’s six most important fundamental price drivers are the trends in 1) the real interest rate, 2) the yield curve, 3) credit spreads, 4) the relative strength of the banking sector, 5) the US dollar’s exchange rate and 6) commodity prices in general. Even though it creates some duplication, the bond/dollar ratio should also be included.

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Thursday, June 22 2017

How much gold do Americans own?

When I passed along an estimate that fewer than 10% of American adults own gold as an investment, a spokesman wouldn’t confirm, but hinted that it was accurate.

A detailed 2010 poll designed to elicit the views of Americans sympathetic to the tea party movement found that 5% of those who viewed the movement favorably said that they had purchased gold coins or bars in the preceding 12 months. (The poll did not report a result for the same question from the general population). Many of the newsletters and consultants that advise people to buy precious metals estimate that between 1% and 3% of the American population owns precious metals.

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Are the World’s Billionaire Investors Actually Buying Gold?

If and when the paper gold market implodes and the price of real physical gold diverges from the paper price of gold, the world’s billionaire investors will need to line up their ducks and explain to their partners and shareholders if they actually hold tangible physical gold bars, and if not why not.

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Tuesday, June 20 2017

Russian Gold Reserves

Russia adds 700,000oz of gold to it's reserves in May.

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Monday, June 19 2017

Gold imports surge 236% to $5 billion in May ahead of GST

Apprehension of higher goods and services tax (GST) rate and an increase in demand led to a surge in India’s gold imports by 236.7% to $5 billion in May, causing the highest level of trade deficit in two and a half years.

This is the fourth consecutive month since February when gold imports have more than doubled compared to the same month a year ago.

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Sunday, June 18 2017

Transparent Precious Metal Holdings - Gold/Silver

Flows this week

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Saturday, June 17 2017

Gold/Silver - Futures - COTs - Commitment of Traders

COTs this week

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Greatest gold boom in history.

Talks on gold at 27 minutes in.

Gold to 700 then 400-450 - then the greatest gold boom in history.
Dent keeps on telling the goldbugs that they will be right about $4000-$5000 gold but that they will be dead before it happens.

Peak in 2038-2040

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Friday, June 16 2017

Chinese SGE Deliveries

SGE Deliveries (not the same as SGE Withdrawals) hit the second highest amount yesterday with 48.62 tonnes delivered.

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Thursday, June 15 2017

Texas taps private vendor to manage first state-run gold depository in US

Comptroller Glenn Hegar announced at a news conference at the Capitol that his office had selected Austin-based Lone Star Tangible Assets as the private vendor tasked with building and operating the Texas Bullion Depository.

“The Texas Bullion Depository will offer Texas safe, fully-insured storage of precious metals providing an alternative to the depositories largely located in and around New York City,” Hegar said.

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Monday, June 12 2017

Palladium Pandemonium - Short Squeeze Sends Precious Metal Spreads Parabolic

Palladium has been gaining versus platinum for the past year. Why do we care about this spread? Well, palladium and platinum’s main use is in the fabrication of catalytic converters for automobiles.

Palladium is mainly used in gasoline engines, while platinum plays a larger role in diesel cars. The Volkswagen emissions scandal effectively killed diesel’s future in passenger vehicles, so maybe this palladium outperformance can be explained by the dramatic switch from diesel to gasoline.

Combine this extra demand with the fact that palladium is a small market that was already suffering from challenging global supply, you had the recipe for a squeeze.

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