China: Physische Gold-Nachfrage bleibt stark

Hierzu ein Blick auf die wöchentlichen Gold-Auslieferungen an der Goldbörse in Shanghai:

Quelle: goldchartsrus.com

Chinesischer Gold-Hunger setzt sich fort: Auslieferungen an der Goldbörse in Shanghai bleiben signifikant

Die physische Goldnachfrage im Reich der Mitte bleibt stark. Die kumulierten, physischen Gold-Auslieferungen an der Goldbörse in Shanghai nähern sich bereits der markanten Marke von 10.000 Tonnen Gold..

Quelle: goldchartsrus.com

Goldrausch in China hält in 2015 an: Physische Auslieferungen in Shanghai markieren ein neues Rekordlevel

Nicht nur an der Goldbörse in Hongkong wurden signifikante Gold-Auslieferungen im vergangenen Jahr verzeichnet. Der mit Abstand einflussreichste Handelsplatz war in 2015 erneut in Shanghai vorzufinden.

Die physischen Gold-Auslieferungen an der Shanghai Gold Exchange (SGE) betrugen im letzten Jahr kaum vorstellbare 2.597 Tonnen (!) - ein neuer Allzeit-Rekord!

Quelle: smaulgld.com

Gold: Physische Nachfrage in China schreitet auf neues Rekord-Level

Die physischen Gold-Auslieferungen (reale Gold-Nachfrage) an der wichtigen Goldbörse in Shanghai (SGE) erklimmen ein neues Rekord-Niveau. Bis zum 7. August 2015 (letzter Stichtag) wurden seit Jahresstart beeindruckende 1.520 Tonnen physisches Gold nachgefragt.

Damit bleiben die Chinesen bei der Gold-Nachfrage auf Rekordjagd: Denn verglichen mit der Historie wurde noch nie mehr physisches Gold Year-to-date (YTD) in demselben Zeitraum in Shanghai nachgefragt! Die Gold-Nachfrage in 2015 bewegt sich aktuell sogar gewaltige 35% über dem Vorjahres-Niveau.

Schwache Gold-Nachfrage? Die finden Sie einmal mehr nur in der westlichen Mainstream-Presse. Folgend zwei Charts, die Beweise liefern und Bände sprechen (Quellen sind verlässlich - credit to Sharelynx):

Quelle: goldchartsrus.com

Quelle: goldchartsrus.com

Gold: Reale, physische Nachfrage in China auf neuem Rekordniveau - Gold-Auslieferungen in Shanghai sprechen für sich

Die physischen Gold-Auslieferungen (ergo reale Gold-Nachfrage) an der relevanten Goldbörse in Shanghai (SGE) bleiben rekordverdächtig. Bis zum 17. Juli 2015 (letzter Stichtag) wurden seit Jahresstart bereits beachtliche 1.366 Tonnen Gold nachgefragt.

Das ist definitiv spektakulär: Denn verglichen mit der Historie wurde noch nie mehr physisches Gold Year-to-date (YTD) in demselben Zeitraum in Shanghai nachgefragt!

Schwache Gold-Nachfrage? Die finden Sie nur in der westlichen Mainstream-Presse. Charts, die Bände sprechen und Belege implizieren (Quellen sind verlässlich - credit to Sharelynx):

Quelle: goldchartsrus.com

Quelle: goldchartsrus.com

Gold: Kaufrausch in China setzt sich ungebrochen fort - Physische Nachfrage in Shanghai mit neuem Rekord

Der chinesische Goldrausch ist um einen Rekord reicher. Es wurde noch nie mehr physisches Gold in einem ersten Halbjahr an der Goldbörse in Shanghai ausgeliefert, als in den ersten 6 Monaten in 2015.

Stolze 1.162 Tonnen physisches Gold haben die SGE-Auslieferungen YTD bis zum 26. Juni (letzter Stichtag) betragen, was gereicht hat, um einen neuen Rekordwert auf Halbjahres-Basis aufzustellen.

Dieser Wert für Sie in Perspektive gerückt: Weltweit werden aktuell insgesamt rund 3.000 Tonnen Gold p.a. in den Minen produziert. Damit ist ersichtlich, dass die chinesische Nachfrage nach dem einzig wahren, physischen Gold weiterhin enorme Ausmaße annimmt.

Quelle: bullionstar.com

Quelle: goldchartsrus.com

Gold: Wie viele Tonnen besitzt China? Wurden die USA bereits überholt?

Weitere Spekulationen laut in einem neuen Report: http://www.lbma.org.uk/assets/events/BMF2015/Zhang%20Bingnan_EN1.pdf

Quelle: lbma.org.uk

China: Neuer Gold-Fix mit Yuan-Dominanz rückt näher

Das Reich der Mitte baut seine Einflüsse im Handel mit dem gelben Metall weiter aus und hat große Pläne..

China readies to launch yuan gold fix before year-end

China, the world's top gold producer and one of the biggest consumers, is in talks with the Chicago Mercantile Exchange Group to set a deal that would see the Shanghai Gold Exchange (SGE) and CME listing each other’s contracts on their respective exchanges.

The move comes as China readies to launch its own yuan-based bullion fix later this year via the SGE, the world's biggest physical gold exchange, according to Shen Gang, vice president of the SGE, as reported by Bloomberg.

She added that SGE has already applied to the People’s Bank of China for approval of its pricing system.

While details of the fix remain unknown, market analysts say it would be derived from a contract traded on the bourse for a few minutes, with the exchange acting as the central counterpart.

While details of the fix remain unknown, market analysts say it would be derived from a contract traded on the bourse for a few minutes, with the exchange acting as the central counterpart.That would make the process transparent and so address one of the main concerns about the London fix.

The goal for China is to boost its influence in global commodities and currency markets while trying to make the yuan a viable competitor to the U.S. dollar.

The Shanghai bourse will also open a trade link with the Hong Kong- based Chinese Gold & Silver Exchange Society on July 10, according to Bloomberg. SGE is also in discussions with the Dubai Gold & Commodities Exchange to introduce yuan- denominated gold products in Dubai.

According to the World Gold Council, China’s demand for the yellow metal may rise to as high as 1,000 metric tons this year, provided that the country’s stock market reverses its rally and investors seek haven investments..
Link/Quelle: http://www.mining.com/china-readies-to-launch-yuan-gold-fix-before-year-end/

Quelle: mining.com

Gold: Reale physische Nachfrage aus China und Indien bleibt auf Rekord-Niveau

Indische Gold-Importe und Gold-Auslieferungen an der chinesischen Gold-Börse von Shanghai betragen seit 2008 nun schon insgesamt mehr als 15.000 Tonnen physisches Gold..

Quelle: goldchartsrus.com

Gold: Starke physische Nachfrage aus China hält an

Die totalen Gold-Auslieferungen an der Gold-Börse in Shanghai betragen seit Anfang 2009 nun schon bereits gewaltige 8.860 Tonnen physisches Gold.

In den letzten paar Wochen werden weiterhin stabil mehr als 40 Tonnen Gold in Shanghai nachgefragt, was im Hinblick auf die wöchentliche Welt-Minenproduktion von ca. 58 Tonnen Gold Ihnen das Big Picture aufzeigt..

Quelle: smaulgld.com

Quelle: smaulgld.com

Quelle: smaulgld.com

Gold: China startet größten Gold-Fonds der Welt

China is on fire..

China sets up largest gold fund

XI'AN, May 23 (Xinhua) -- A gold sector fund involving countries along the ancient Silk Road has been set up in northwest China's Xi'an City during an ongoing forum on investment and trade this weekend.

The fund, led by Shanghai Gold Exchange (SGE), is expected to raise an estimated 100 billion yuan (16.1 billion U.S. Dollars) in three phases.

China is the world's largest gold producer, and also a major importer and consumer of gold. Among the 65 countries along the routes of the Silk Road Economic Belt and the 21st-Century Maritime Silk Road, there are numerous Asian countries identified as important reserve bases and consumers of gold.

About 60 countries have invested in the fund, which will in turn facilitate gold purchase for the central banks of member states to increase their holdings of the precious metal, according to the SGE.

"China does not have a big say in gold pricing because it accounts for a small share of international gold trade," said Tang Xisheng of the Industrial Fund Management Co. "Therefore, the Chinese government seeks to increase the influence of RMB in gold pricing by opening the domestic gold market to international investors."

According to Tang, the fund will invest in gold mining in countries along the Silk Road, which will increase exploration in countries such as Afghanistan and Kazakhstan..

Link: http://news.xinhuanet.com/english/2015-05/23/c_134264324.htm

Quelle: ahametals.com

Chinesische Goldnachfrage bleibt auf Rekordniveau: Gold-Auslieferungen in Shanghai betragen bereits über 500 Tonnen YTD

Pro Woche werden weltweit rund 55 Tonnen Gold produziert. In der Woche bis zum 13. März wurden an der Goldbörse in Shanghai (SGE) erneut mehr als 50 Tonnen physisches Gold nachgefragt. So kaufen die Chinesen weiterhin quasi den kompletten, physischen Goldmarkt leer. Damit betragen die totalen Gold-Auslieferungen seit Jahresstart bereits mehr als 508 Tonnen - und das alleine in Shanghai..

Quelle: bullionstar.com

Quelle: bullionstar.com

Quelle: goldchartsrus.com

Chinesische Gold-Nachfrage bleibt auf Rekord-Niveau: Totale Auslieferungen an der SGE betragen 456 Tonnen in 2015

Der chinesische Goldrausch geht ungebrochen weiter..

Quelle: bullionstar.com

Quelle: bullionstar.com

Quelle: bullionstar.com

Entwicklung der Chinesische Gold-Nachfrage vs. Gold-Importe vs. Goldminen-Angebot

Informativer Chart von BullionStar:

Quelle: bullionstar.com, zerohedge.com

Chinesische Gold-Nachfrage bleibt auf Rekordniveau: Gold-Auslieferungen in Shanghai betragen 374 Tonnen in 6 Wochen

Seit Jahresstart wurden an der aufstrebenden, chinesischen Goldbörse in Shanghai (SGE) bedeutende 374 Tonnen physisches Gold bereits ausgeliefert. Damit verbleiben die Auslieferungs-Raten auf einem rekordverdächtigen Niveau..

Quelle: bullionstar.com, sge.com.cn

Quelle: bullionstar.com, sge.com.cn

Chinesischer Goldrausch geht ungebrochen weiter: Gold-Auslieferungen in Shanghai auf Rekordniveau

In den ersten 5 Wochen in 2015 wurden an der einflussreichen Gold-Börse in Shanghai (SGE) bereits beeindruckende 315 Tonnen physisches Gold ausgeliefert. Damit bleiben die Gold-Auslieferungsraten an der SGE auf Rekordniveau..

Quelle: bullionstar.com, sge.cn

Quelle: bullionstar.com, sge.cn

Quelle: goldchartsrus.com, sharelynx.com

Goldrausch in China zieht in 2015 massiv an: Mehr als 50% der Goldminen-Produktion weltweit werden von China aufgekauft

In der dritten Januar-Woche in 2015 wurden an der aufstrebenden Gold-Börse in Shanghai (SGE) erneut beeindruckende 70 Tonnen physisches Gold ausgeliefert. Das ist eine der höchsten Auslieferungs-Raten auf Wochenbasis während der letzten 5 Jahre (3. höchste Auslieferung aller Zeiten!) und alleine in diesem Jahr wurden nun bereits mehr als 200 Tonnen physisches Gold an der SGE nachgefragt. Das ist weit mehr als 50%  (!) der globalen Goldminen-Produktion in diesem Zeitraum..

Quelle: bullionstar.com

Quelle: bullionstar.com

Quelle. goldchartsrus.com

Goldrausch in China geht in 2015 munter weiter: Physische Auslieferungen an der SGE ziehen an

In der zweiten Januar-Woche in 2015 wurden an der einflussreichen Gold-Börse in Shanghai (SGE) eindrucksvolle 70 Tonnen physisches Gold ausgeliefert. Das ist eine der höchsten Auslieferungs-Raten auf Wochenbasis während der letzten Jahre (3. höchste Auslieferung aller Zeiten!) und alleine in diesem Jahr wurden bereits mehr als 120 Tonnen physisches Gold an der SGE nachgefragt..

Quelle: bullionstar.com

Die chinesische Goldnachfrage kennt auch im noch jungen Jahr von 2015 nur eine Richtung..

Quelle: goldchartsrus.com

Gold: Physische Nachfrage aus China erreicht im Oktober erneut Rekord-Territorien

Hierzu ein aktueller Beitrag von Mineweb:

Gold demand still running high, so where’s the turning point?

Chinese gold demand as recorded by the SGE hit 227 tonnes in October while Indian buying also strong for wedding season.

Author: Lawrence Williams
Posted: Monday , 10 Nov 2014 

GOA (MINEWEB) - 

As can be seen from Nick Laird’s (www.sharelynx.com) excellent ongoing chart of gold withdrawals from the Shanghai Gold Exchange (SGE), a further 47.5 tonnes were withdrawn during the week ended October 31. Thus the total figure for October comes to a fraction over 227 tonnes – a monthly figure which would suggest an annual withdrawal rate of some 2,724 tonnes – or close to global new mined supply. 

However, as also seen from the chart, demand obviously dropped sharply from March through July, although it had started the year at an even higher level.  Overall monthly demand to date suggests total annual consumption this year of around 2,000 tonnes, around 10% down on last year’s total, although if October levels persist the year’s total figure could be a little higher.  2014 demand will definitely be well in excess of that for 2012 and years previous though.

The latest gold export figures to the Chinese mainland from Hong Kong are also in now with a net figure of 68.6 tonnes (figures from Nick Laird again) confirming the ongoing wide disparity between Chinese imports via this route and the overall SGE October figure. This latter suggests total imports of around 160-170 tonnes in the month taking into account estimated internal supplies from scrap and mine production, between them probably accounting for around 55-65 tonnes. 

Quelle: mineweb.com, sharelynx.com

As we have pointed out here before, Hong Kong gold exports to the mainland used to be far closer to overall import levels, but since March of this year this appears no longer to have been the case with the gap widening as new import routes for gold – notably via Beijing and Shanghai – appear to have taken over as the principal channels for gold coming into the mainland.  Yet still some western media seems to equate Hong Kong exports with total Chinese demand, which seems misleading to say the least.

The data provided by analysts who follow the SGE in detail in terms of both withdrawal figures and price premiums over the LBMA prices – notably Nick Laird of sharelynx.com  and Koos Jansen of bullionstar.com  - thus would appear to provide a far better picture of what is really happening with Chinese gold demand.  As Jansen has pointed out categorically in the past, SGE withdrawal figures do equate precisely to overall Chinese gold demand, although ignoring anything the country’s central bank may be doing in terms of building reserves, which could be adding substantially to the overall figures.

Meanwhile Mumbai’s Business Times reported heavy Indian buying as the price fell earlier in the week.  Buyers were, according to the newspaper, convinced of a further price rebound and were thronging the bazaars to tie down gold purchases. A rebound came in in later trading on Friday which saw gold pick up around $30-40 from earlier lows, but even so Indian buying as the wedding season gets under way was still reported as being particularly strong on Saturday. 

Additional stimulus from two of the biggest non-U.S. sections of the global economy – the EU and Japan – appeared to have no effect on the mid week price falls, but further consideration by the global investment community may also have played a part in gold’s late recovery along with some unexpectedly poor U.S. employment statistics, as may reports of Russian forces again entering Ukraine as government forces there were reported as shelling pro-Russian elements in Donetsk despite a supposed ceasefire.  One wonders how much control the Ukraine government actually has over its army and supporting far right wing militias.

While the U.S. Fed may be cutting back on monetary stimulus, other significant sectors of the global economy seem to be embracing it, while serious geopolitical issues seem reluctant to peter out.  Russia seems as if it may still be testing out Western response to further moves in Ukraine and given the reluctance of many European countries to ratchet up sanctions on Russia – indeed there are moves afoot to cut them back – President Putin may well hold the trump cards in any West/Russia standoff.

It appears that the only seeming certainties out there are that some major financial interests and short position holders in gold are keen to keep the price suppressed through dumping big levels of gold futures on the markets to drive the price downwards at weak trading hours. But the end game, if these moves are purely financial, will be to stock up on physical gold and then turn the gold market sharply positive again thus making mega profits on the gold offloaded by tired gold investors.  And if this is the case, once gold starts a serious upwards move it could just keep on going.  The question is: Are we nearly there yet? – as my children would ask repetitively on long car journeys. Maybe we are.  We shall soon see..

Link: http://www.mineweb.com/mineweb/content/en/mineweb-gold-news?oid=259174&sn=Detail

Edelmetalle, Terminmärkte: Managed Money behält rekordhohe Short-Positionierungen

Hierzu ein aktueller Bericht von GoldMoney, featured by Mining.com:

Precious metals subdues as panic over

GoldMoney | October 24, 2014

For gold and silver it has been a week of two halves: first prices rallied to a peak on Tuesday, then declined to show net losses for the week on Wednesday for silver and Thursday for gold. Broadly these precious metals reflected first weakness then strength in the US dollar. And equities reversed the nervousness of the previous week after a FOMC member suggested QE would be extended, with the S&P 500 closing up 7% on Thursday from its October 15 low.Share on email

So it has been panic over for the moment in the markets and back to business as usual for precious metals. However there are signs of good underlying demand for physical gold, with the Shanghai Gold Exchange delivering 68.37 tonnes into public hands over the holiday period (two weeks with only five trading days), and a further 51.5 tonnes last week. The chart below shows gold withdrawn from the SGE this year, totalling 1,547 tonnes so far, on course for a 1,900 tonne total this year, only 300 tonnes short from the 2013 total.

There has been a significant pick-up in deliveries in recent months. Indian demand for gold has recovered as well, with the Diwali festival coming up, coupled with attractive prices. Jewellers reported demand being up about a third on last year.

An opinion poll of voters in next month’s referendum on the Swiss National Bank’s gold policy shows 45% to 39% in favour of requiring the SNB to repatriate its gold held abroad, maintain 20% gold on its balance sheet, and sales of gold prohibited. So far, the gold market is ignoring this startling development, but if the SNB is forced by law to comply with these measures one can imagine chaos ensuing as the SNB attempts to comply while the Russian and Asian central banks are also buying; not to mention the likely political pressure on other European central banks to do the same thing. You never know: the SNB might just be the victim of a protest vote.

Russia continues to add to her reserves, taking them to nearly 1,150 tonnes making her the fifth largest official holder. Ignoring all this positive news of physical gold passing from weak into strong hands, the Managed Money category on Comex still has near-record short positions as shown below.

And silver shorts are even more dramatic, clearly in record territory:

The fact that public speculators are so short is strong evidence that the outlook is for higher prices on a massive bear squeeze, and not the fall in prices universally expected by the talking-heads in capital markets.

Next week

Monday. Eurozone: M3 Money Supply. UK: CBI Distributive Trades. US: Pending Home Sales. Japan: Retail Sales.

Tuesday. US: Durable Goods Orders, Durables Ex-Transport, S&P Case-Shiller Home Prices, Consumer Confidence, Federal FOMC meeting starts. Japan: Industrial Production,

Wednesday. UK: BoE Mortgage Approvals, Net Consumer Credit, Secured Lending, M4 Money Supply. US: FOMC Fed Funds Rate.

Thursday. Eurozone: Business Climate Index, Consumer Sentiment, Economic Sentiment, Industrial Sentiment. US: Core PCE Price Index, GDP, GDP Deflator, Initial Claims, Personal Income, Personal Spending. Japan: CPI Core, Real Household Spending, Unemployment.

Friday. Japan: Housing Starts, Construction Orders, BoJ Overnight Rate. Eurozone: Flash HICP, Unemployment. US: Core PCE Price Index, Employment Cost Index, Chicago PMI,

by Alasdair Macleod, GoldMoney, Head of Research

Link: http://www.mining.com/web/precious-metals-subdues-as-panic-over/