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More confirmation that the monetary metals scraped the bottom last month and the bull is back! On the heels of a World Gold Council report last week which confirms the MASSIVE appetite for physical metal, gold moved $62 [+4.72%] and silver surged $2.67 [+13.04%]. We also learned that foreign holders of long-term US Treasuries made their biggest monthly exodus ever in the history of the U.S., and we all know how very sensitive are their multi-trillion dollar bond and derivative markets to rising interest-rates! Meanwhile, JP Morgan has positioned themselves accordingly and is now advising clients to get long gold!? More busts, bankruptcies and banker bail-ins are on the horizon and there is now a ton of chatter suggesting how (and not if) the big re-set will unfold - is this on the agenda at the White House tomorrow, or will Obama and his banker buddies crash the gold price as they did the last time they all got together? Silver and gold in bullion form is the very best way to protect yourself and your wealth from these gangsters -- contact me for the best pricing and performance. Cheers!
Physical Gold Demand Surges 53% In Q2, Total Supply Down 6%
Bar and coin investment grew by 78% globally compared to the same quarter last year, topping 500 tonnes in a quarter for the first time. In China, demand for gold bars and coins surged 157% compared with the same quarter last year, while in India it jumped 116% to a record 122t. Taking jewellery demand and bar and coin investment together, global consumer demand totalled 1,083t in the quarter, 53% higher than a year ago.
JPMorgan Advises To... Buy Gold?
Noting the market's shrugging off of Paulson's unwind ("delivering an exclamation mark to define the end of the fall in gold stocks"), JP Morgan (ironically) suggests the questionable price action in the paper markets in light of unprecedented physical demand combined with the seasonal positives (and physical supply restrictions) all point to "getting long the gold space," with gold and silver miners offering value.
Hathaway - 'Paper Gold' Short Squeeze Underway
In response to the question of why gold is going up, Hathaway begins: "The first thing is that there is a big short squeeze taking place. People who have paper claims on gold, which would be futures, derivatives, ETFs and so forth are demanding settlement in terms of physical gold. Why that's important is because the paper gold market is leveraged more than 100 to 1 versus the underlying bullion."
Demand For Physical Gold Threatens To Break The Back Of The Paper Gold Market
"All I know is that this 'trigger' which is going to ignite this move is coming, and it will involve substantial repricing of both gold and silver. One possible trigger may turn out to be a failure of the COMEX. You can see by the price action in the U.S. dollar right now that the Asians are dumping their dollars. But, interestingly, they are also paying a premium to get physical gold right now with no delay in shipment. So there is a loss of faith in the paper gold and silver markets by major participants. It's almost as if they expect a failure."
Happy To Help ..
Now is NOT the time to be complacent. Those that have been right about this market (Sprott, Sinclair, Turk) believe that these recent paper price attacks were a signal that the coming financial hurricane is closer than ever, and that physical silver an gold ownership is an absolute necessity. We currently have a healthy supply of gold and silver products, in all shapes and sizes. Please contact me for the very best pricing and discreet, informed service.
Q2 Gold Demand: WGC Can't Spell 'Decoupling'
In the most-explosive quarter for demand in the history of the gold market, we have the WGC beginning its pseudo-report talking about 'falling demand.' Of course what it calls "total demand" is the demand for real gold minus the plummeting demand for the Banksters' paper-called-gold. However, there can no longer be any possible excuse in reporting demand for gold and demand for paper-called-gold as a single number, for two reasons. The most-obvious reason is the dichotomy: the decoupling we have seen in this market as demand for the One Bank's paper-fraud products collapsed at the same moment that demand for gold hit an all-time high.
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Sovereign Exchange International Ltd.
Steven Merrill, President
www.sovereignize.net
phone:
778.835.7667
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Engage a Rich New Audience; Reconcile to your Private Account; Settle for Metal at Any Time. The Sovereign Exchange was founded by Steven Merrill and a small network of individuals from across British Columbia with a vision to embrace Austrian economic principles and provide a sound and stable payment facility than be trusted for commerce and used to store wealth.
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