Gold’s bounce, disappointing silver, China gold reserves and demand, Silver Top 20, gold bullish amid headwinds

As regular readers of lawrieongold will know, nowadays I am primarily publishing my articles on the Sharps Pixley /Metals Daily’s websites rather than here on this site.  Links to my most recent articles follow:

GOLD BOUNCES BACK BUT SILVER STILL DISAPPOINTS – FOR NOW

13 Jul 2019 – Comments from Fed chairman Jerome Powell confirming the likelihood of a rate cut at this month’s FOMC meeting have given the gold price a bit of a boost, but silver continues to disappoint, But for how long?

CHINA CONTINUES TO ADD TO ITS GOLD RESERVES – BUT AT LOWER RATE M/M

09 Jul 2019 – The Chinese Central Bank has announced it added 10.26 tonnes of gold to its forex reserves in June – a lower level than the prior two months’ additions. Total global Central Bank accumulations are already up 73% this year according to the WGC.

WORLD TOP 20 SILVER PRODUCERS AND METAL’S PRICE PROSPECTS

09 Jul 2019 – Even though it saw a 3% production decline for silver last year,but still reckons on a supply surplus, UK precious metals consultancy is marginally bullish on the metals price prospects in H2. Top 20 silver producers tabulated.

2019 H1 China gold demand lowest for five years

08 Jul 2019 – June gold withdrawal figures out of the SGE show that the downturn in Chinese gold demand is still slipping compared with the previous 2 years – and hugely below that seen in the record 2015 year

Gold price faces some headwinds but prospects remains bullish

07 Jul 2019 – Gold and silver prices were brought back sharply following the Independence Day holiday in the U.S. closing the week below $1,400 and $15 respectively, but we anticipate the latest setbacks to be shortlived.

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