Gold, Silver & Other Precious Metals 18 (Jan 23 - Dec 25)

[winston]

Gold enthusiasm wanes in China

Gold demand in China - the world's biggest consumer - plunged by more than a fifth in the third quarter as record prices and a sluggish economy dented consumption, especially for jewelry.

Total demand fell by 22 percent to 218 tons in the three months ending in September, according to Bloomberg.

Jewelry consumption tumbled 29 percent to 130 tons, while for bars and coins there was a 9 percent drop to 69 tons.

Source: Bloomberg

https://www.thestandard.com.hk/section- ... s-in-China

[winston]

India’s gold sales dip amid uncertain US election and record-high prices during Diwali season

While gold is often seen as a safe haven, traders are hesitant to purchase due to the potential for price fluctuations after the US election

Source: SCMP

https://www.scmp.com/week-asia/economic ... e=homepage

[behappyalways]

Is a change in the "golden rule" a curse on the dollar?
'24.10.30【豐富│東南西北龍鳳配】Pt.1「黃金定律」改變，就是對美元的詛咒？
https://m.youtube.com/watch?v=VztC89yKrFs&t=1517s


The relationship between Gold prices and real yields broke after the freezing of Russia's Central Bank Assets. Maybe a coincidence, maybe not..
https://x.com/patrick_saner/status/1851560985137496484

[behappyalways]

Gold sell-off has room to run, given extreme overbought condition.
https://x.com/mark_ungewitter/status/18 ... 7428481027


Countries that have added the most to their gold reserves from 2015-2024
https://x.com/Mayhem4Markets/status/1852721157767594052

[behappyalways]

Total gold demand exceeds US$100 bil for the first time on record: World Gold Council
https://www.theedgesingapore.com/news/g ... ld-council


How Chinese Traders Will Help Drive Gold to $3,000+
https://www.zerohedge.com/precious-meta ... e_vignette


Gold price surge adds glitter to tarnished miners
https://www.mining.com/web/gold-price-s ... ed-miners/

[behappyalways]

Gold is too expensive and cannot be bought!
Young people in China are crazy about "gold wrapped in silver" and rush to buy it.
The international gold price reaches a new high!
Affordable alternative to "gold wrapped in silver" is overtaking the curve.

黃金太貴買不起! 中國瘋"金包銀"年輕人搶買 國際金價創新高! 平價替代"金包銀"彎道超車｜記者 葉俐緯│【國際焦點】20241105│三立新聞台

https://m.youtube.com/watch?v=C6N-KQ4Cp6g

[behappyalways]

China Discovers World's Largest Gold Deposit Worth $83 Billion
https://www.zerohedge.com/precious-meta ... 80-billion

[winston]

China’s central bank resumes gold purchases after six-month hiatus in November

The PBOC was the world’s largest official sector buyer of gold in 2023.

China’s gold holdings rose to 73 million fine troy ounces at the end of November, up from 72.8 million troy ounces a month earlier.

The value of China’s gold reserves fell to US$193.4 billion at the end of last month from US$199.16 billion at the end of October.

Source: Reuters

https://www.businesstimes.com.sg/compan ... s-november

[winston]

3 Reasons Gold Could Keep Rising

by Karim Rahemtulla

1. Our fiscal situation is out of control.
2. Interest rates aren’t budging (despite the Fed’s efforts).
3. The conflicts in the Middle East and Ukraine.

Source: Wealthy Retirement

https://tradesoftheday.com/2024/12/09/3 ... ep-rising/

[winston]

You Want to Own Gold As We Head into 2025

by Brett Eversole

Global central banks are massive players in the gold market. They buy to fill their vaults and protect their nations from foreign interference.

The boom we’ve seen so far is all thanks to central banks. But retail investors will show up to the party – and it’ll likely happen soon.

They’ll get sucked in by the allure of easy profits. And that’s what will cause the eventual crescendo to this gold bull market.

Source: Daily Wealth

https://tradesoftheday.com/2024/12/11/y ... into-2025/