Showing posts with label surge. Show all posts
Showing posts with label surge. Show all posts

Friday, November 13, 2015

Friday, February 6, 2015

Stocks, Bond Yields, & The Dollar Surge On "Good News Is Good News" Jobs Report

The "gold will tank on jobs report Friday" trade worked again like a charm.  This is a gift from the precious metals price manipulators.  Buy the dip.

http://www.zerohedge.com/news/2015-02-06/stocks-bond-yields-dollar-surge-good-news-good-news-jobs-report

Thursday, August 22, 2013

Gold flows from Britain to Switzerland surge in H1-Macquarie

http://www.reuters.com/article/2013/08/19/gold-uk-exports-macquarie-idUSL6N0GK2M920130819
Britain's gold exports to Switzerland surged in the first half of this year, Australian bank Macquarie said on Monday, suggesting bullion being sold out of exchange-traded funds may be heading for Swiss refineries before being sold on in Asia.

Saturday, April 27, 2013

Sharp price fall triggers surge in China gold imports

http://www.scmp.com/business/commodities/article/1224194/sharp-price-fall-triggers-surge-china-gold-imports
The mainland's imports of gold from Hong Kong probably surged this month as mainlanders increased their purchases after prices fell to the lowest in more than 2-1/2 years.

Volumes for the benchmark spot contract on the Shanghai Gold Exchange exceeded 20 tonnes every day since April 16, when prices tumbled to the lowest since August 2010. That is more than four times the daily average last year, according to exchange data.

The volume reached a record 43.27 tonnes on Monday.

Gold plunged 14 per cent in two sessions to April 15 in London, the most since 1983, stoking a frenzy among coin and jewellery buyers from China to India and the United States.

Shipments to the mainland reached a record 114.405 tonnes in December, according to data from Hong Kong's Census and Statistics Department, which may release this month's data in June.

"Given that the trading volume has been so huge on the Shanghai Gold Exchange, the import volume in April should definitely reach a very high level," said Qu Mingyu, a trader at Bank of China.

"Whether they will reach a record remains to be seen.

"The high volume on the benchmark spot contract is a reflection of very strong physical demand in China, especially from jewellery makers."

Bullion of 99.99 per cent purity gained as much as 3.5 per cent to a two-week high of 303.50 yuan a gram (US$1,530.70 an ounce) on the Shanghai exchange.

China, which does not publish gold trade data, is the world's largest bullion consumer after India.

Spot gold traded 0.4 per cent lower at US$1,461.55 an ounce in London yesterday morning, trimming this week's gain to 4.1 per cent, the most since January last year. Prices rose earlier as much as 1.2 per cent to US$1,485.50. While prices have advanced 11 per cent from a two-year low of US$1,321.95 on April 16, they are still 6.4 per cent below the April 11 close of US$1,561.45 that preceded the rout.

Tuesday, January 29, 2013

Silver Eagle Sales Surge To All-Time Record In January

The 3% of American gold bugs is growing in number.  Asians are already all in.  This can only mean higher prices, as the sleepy-eyed masses finally wake up.  It will take time, but markets follow thermodynamic laws.  Those who studied Physics understand entropy:

entropy - a process of degradation or running down or a trend to disorder

For those who remember chemistry, the boiling point of water is 100 degrees Celsius.  Things get really hot at 99.9 Celsius, even if they appear calm on the surface.  But once 100.0 Celsius is breached, all hell breaks loose.

Gold and silver will reach their tipping point, or critical mass, when the masses figure out they've been duped by a paper ponzi scheme.  At that tipping point, precious metals will reach their escape velocity, much like a rocket escapes earth's atmosphere and shoots to the moon (to borrow another Physics metaphor).

http://www.zerohedge.com/news/2013-01-29/silver-eagle-sales-surge-all-time-record-january

Monday, January 21, 2013

This Exploding Grenade Will Create A Gold & Silver Surge

Japan's bond market is on the brink of collapse.  Yes, that's been a popular prognostication for over a decade now, but the fiscal math is becoming increasingly unsustainable.  So we are early, but we will be proven right.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/1/21_This_Exploding_Grenade_Will_Create_A_Gold_%26_Silver_Surge.html