中國商務部：2012年首批白銀出口配額下調至3,232噸

中國周二(12月27日)下達2012年第一批白銀和次要金屬出口配額，其中，白銀、銻錠、錫及錫製品、銦及銦製品的出口配額有所下調。
中國商務部在其網站上發布的公告中稱，白銀的出口配額量為3,232噸，銻錠的出口配額量為7,128噸。公告稱，錫及錫製品的出口配額量為10,800噸，銦及銦製品的出口配額量為139,000噸。

www.maibaiyin.com/ 

China reduces 2012 silver exports by 5%, could boost prices

 chasvoice.blogspot.com/

China has cut exports of silver by 283 tonnes from the 5,670 tonnes exported in 2011, traders suggest that less exports mean tighter markets that could eventually bolster prices.

Silver exports from China, the world's largest, are expected to drop this year as domestic demand from investors is expected to surge. And, in a market that has seen significant price volatility, these reduced exports could bolster prices of the white metal, say analysts. On Monday, December silver lost 65.8 cents to close at $34.024 an ounce in New York. The metal has advanced 10% this year.


According to a statement from China's ministry of commerce, the 2012 export quotas for silver from the Asian country have also been reduced by 5%. This amounts to a cut of 283 tonnes in its 2012 silver export quotas from 5,670 tonnes in 2011.

Roughly 70% of China's silver demand comes from the industrial sector. Analysts say shipments are also set to decline with customs data showing a drop in exports. Chinese customs data showed export growth falling more than expected in September, while import growth also declined.

Silver imports into China fell by 39% year on year and 16% month on month to 264.7 tonnes in September, the lowest level since February. Silver exports too declined by 44% year on year to 83.5 tonnes, keeping China a net importer of the metal for two consecutive years on a monthly basis, data showed.

Moreover, China's third-quarter gross domestic product was up 9.1% from a year ago, slowing from 9.5% growth in the second quarter and 9.7% growth in the first, according to China's National Bureau of Statistics. This marked the slowest pace since the third quarter of 2009.

"Silver prices have been volatile of late. Like rare earths, China is also cutting exports of silver. Less exports mean tighter markets everywhere else,'' said Sonamull Shah, bullion retailer. He added that a strengthening US economy had pushed the dollar up and taken away the white metal's safe haven appeal.

"With the commerce ministry in China restricting silver exports, it would create a highly volatile situation in the global market,'' said Manikbhai Shah, silver retailer in Mumbai.

China, the biggest emerging market user, is said to be expanding at more than five times the speed of the US, driving consumption of the precious metal most used in the industry.

Analysts say demand is also coming from investors looking for an alternative to cash and gold, which costs about 50 times more than silver.

Gold for December delivery fell $9.70, or less than 1%, to settle at $1,788.40 per ounce on Monday on the Comex in New York. Gold futures too declined for the third time in four sessions. Last week, the yellow metal had gained 1.8%, the third straight increase.

Data showed that US consumers were at their gloomiest in 2.6 years in October, which fed safe-haven demand for gold. According to some analysts, safe haven demand will continue in Asia as macroeconomic and geopolitical risks remain elevated. Investment bank Goldman Sachs has also raised its forecasts for both gold and silver prices, citing expectations of continued low interest rates in the United States. source: Mineweb

Stephen Leeb: Expect $5 Gas, $60 Silver & $3,000 Gold in 2012

 http://kingworldnews.com

With 2011 coming to a close and gold and silver stabilizing after the recent smash, today King World News interviewed acclaimed money manager Stephen Leeb, Chairman & Chief Investment Officer of Leeb Capital Management. KWN wanted to get his outlook for 2012 and thoughts on the recent takedown in the metals. When asked about the action in gold, Leeb responded, “The fact that gold has gone down, in the face of what should be good news, has really spooked people. But there are a lot of reasons you can have corrections, even the strongest markets have corrections. This could have started because Paulson sold a big chunk of his GLD.”

Stephen Leeb continues:


“Why did he (Paulson) sell GLD? Because he bet a lot on banks and banks lost 25% or 30% in value. There may have been other hedge funds in the same position. To put this correction in perspective, in 2008 gold went down, from top to bottom, by 34%. Most of that decline followed Bear Stearns. It reflected a lack of liquidity in the system.


The point I’m making is these kind of corrections are just that, corrections. This is hard to believe, but gold today, it’s yearly average is 20% higher than the yearly average in 2010. That’s a remarkable move. Gold had a great year.


All of the sudden you have an asset that’s been in an eleven year bull market and everybody is bearish on it. It’s quite remarkable when you think about it.


I just want to add that we are now shutting down refineries in this country because they are no longer profitable.....

“That means you could have a floor, not a ceiling, but a floor of $4 per gallon of gasoline this summer.


If Europe ever does get its act together we could see crude move to $120 to $130 a barrel. That would mean $5 a gallon gasoline at the pump. This is going to be a massive tax on consumers for which the government gets no benefit.


It’s going to slow down the economy and at the same time it will juice up inflation. This means the Fed is not going to risk another depression so they may loosen in the face of inflation going up. If that happens, not that gold would even need it, but this would take gold’s uptrend and add multiple turbo-boosters to it.


I’ll give you my target for gold at the end of 2012, it’s going to be trading somewhere between $2,500 and $3,000. This correction, in other words, is a non-event. The rubber band analogy applies here, for every dollar down on gold, it will mean an extra dollar on the upside when we get the reversal.


It’s so important for investors that are not seasoned, it’s so important not to get shaken out of your position here. And if you have extra money on the side, this is a great buying opportunity.


Segueing into silver, silver is even better here. The Chinese have started to stockpile silver, sort of hidden in an announcement they made the other day. They are not going to export any silver. China is not going to export, according to their latest announcement, not even one ounce of silver.


So, if I were to target silver for the end of 2012, I’m going to be very, very conservative and say silver will finish 2012 at $60. It’s going to make new all-time highs.”

黃金每克跌百元貴陽年底現購金熱

http://www.cngold.org

今年的黃金價格起伏尤如坐過山車，考驗著投資者的心臟。截至昨日17時，國際現貨黃金報價為每盎司1563.17美元，而9月6日每盎司還處於1923.7美元的歷史最高價。
國際金價的暴跌，貴陽市場的實物黃金市場也應聲而落，金價普遍跌破400元，很多人抱著“趁低”掃貨的心態加入購金大軍。

在國際黃金處於高價時期，貴陽市場上實物黃金一度上漲至每克480元左右。 12月初，貴陽市大部分大黃金珠寶店的金價還堅挺地維持在每克410元左右，但進入12月中旬以後，金價重回年初的3字頭，對比近日來的每克380元，短短三個月，價格相差近百元。
“現在買真的很划算，像這一款21.3克的手鐲，如果9月份的時候來買要10394元，現在則只需要8264元，一共節省了2130元。”貴陽金陽南路國貿珠寶專營店的銷售人員介紹。
“就今年來看，現在的金價都是處於比較低的位置，逢低購買的人非常多。12月，我們銷售量最大的一天就達到了30多萬，其中大部分是金條，這已經是非常不俗的銷售成績了。”貴陽金陽南路國貿珠寶專營店的經理劉穎告訴記者。
噴水池周大福珠寶金行的銷售人員向記者表示，僅上午，他們就售出了十多萬的金條。
“我認為現在正是黃金抄底的好時機。”老鳳祥銀樓貴州金陽專賣店的店長宋海寶說。 “這次金價的下跌幅度和速度都遠遠地超出了我的預期，但我認為，現在的價格已經是底線，再跌就不合理了。目前，歐債危機、主權信用貨幣貶值、地緣政治動盪等因素都沒有改變。預計明年，金價走勢仍以上漲行情為主。”
花旗銀行也預計，2012年下半年國際金價將上漲至每盎司2300美元以上，未來兩年金價將持續攀升，目標價看3400美元。

In The News Today

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