China Gold, Swiss Gold Anomalies, Gold Price, Russian Gold Reserves, Gold ETFs, Gold:Silver Ratio, etc.

My recent articles published on the Sharps Pixley website.  Click on titles to read in full

LAWRIE WILLIAMS: Gold:Silver ratio elevated again and may stay high

After a drop to below the 80 level, the GSR has risen back up to the mid-80s and while still well below its recent high is performing worse than we had earlier predicted. It may remain elevated for now but long term prospects remain positive.

LAWRIE WILLIAMS: Anomalous Swiss Gold Imports and Exports Continue in October

The apparent reversal of Swiss gold flows with European consumers replacing Asian and Middle Eastern ones as primary recipients of Swiss re-refined gold has continued for yet another month

LAWRIE WILLIAMS: Gold steadies as equities, bitcoin stutter amid trade talks impasse

21 Nov 2019 – The gold price suffered last week on talk of perhaps a more full-on trade deal between the U.S. and China

LAWRIE WILLIAMS: Russian central bank now holds over 2.250 tonnes of gold

The Russian central bank has announced it added 9.33 tonnes of gold to reserves in October bringing its total holding to just over 2,251 tonnes

LAWRIE WILLIAMS: Central banks only hold gold for traditional reasons. BS?

Despite long-held claims from central banks that they only hold gold reserves for traditional reasons, they are collectively increasing their holdings which draws this claim into question.

LAWRIE WILLIAMS: China‘s 2019 gold demand headed for 20% drop

Latest gold withdrawal data from the SGE for October are well down on previous years and suggest Chinese gold demand in 2019 could be down around 20% year on year. However gold ETF and Central Bank demand is compensating for the Chinese drop.

LAWRIE WILLIAMS: Chinese central bank stops buying gold – or does it?

Latest figures from the People’s Bank of China suggest that there was no increase in the nation’s gold reserves in October after ten successive months of reported rises. However some observers feel Chinese gold reserves are hugely understated.

LAWRIE WILLIAMS: Gold: ETF inflows and central bank purchases offset weakness elsewhere

The latest Gold Demand Trends report from the WGC emphasises that continuing high gold ETF inflows and central bank buying are more than offsetting some weak data in more traditional gold demand markets

LAWRIE WILLIAMS: Gold: Same old, same old! Uncertainty rules.

Gold in the past week has seen yet another wash, rinse, repeat cycle but has ended the week comfortably above the key $1,500 level despite what might have been seen as strong headwinds in the past,

Latest figures for Chinese gold imports for September show another poor month – below those for August, but the likely Chinese shortfall is being counterbalanced by increases in the holdings of gold ETFs and a continued high level of central bank gold…

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