今年前兩個月，中國大陸從香港進口黃金72，612公斤，去年同期為10，540公斤。
南非2月黃金產量較去年同期下降11.5%
周四公布的數據顯示，南非2月黃金產量較去年同期下降11.5%，總礦物生產則較去年同期下降14.5%。南非統計局說，非黃金生產較去年同期下降14.8%。
2012年4月12日星期四
中國大陸2月從香港進口黃金月勁升20%
香港統計局周三(4月11日)公布的數據顯示，中國大陸黃金需求依然強勁，2月從香港進口39，663公斤黃金，比前月高20%。
今年前兩個月，中國大陸從香港進口黃金72，612公斤，去年同期為10，540公斤。
南非統計局說，非黃金生產較去年同期下降14.8%。
今年前兩個月，中國大陸從香港進口黃金72，612公斤，去年同期為10，540公斤。
南非統計局說，非黃金生產較去年同期下降14.8%。
麥嘉華：美股已超買 應開始緩步購入黃金
鉅亨網
末日博士麥嘉華認為，投資人去年對於美國經濟過度悲觀，今年卻又過於樂觀。麥嘉華這是針對2009年起的美股牛市之發言。「我認為美股已經出現超買的情形。」麥家華表示。
麥嘉華也稍稍降低了他對黃金的推薦，畢竟在過去 6 個月中，該貴金屬下滑幅度達 15%。
他仍舊將黃金視為良好的長期投資機會，但現在黃金仍處於整理階段，不過散戶仍應該開始緩步購入黃金，因為聯準會及全球央行將繼續印鈔救市。
關於新興市場，麥嘉華也一改先前對於它成長潛力無可限量的評論，表示它在去年9月時超賣，但從那時起便陷入超買。
麥嘉華建議投資人「持有一些現金、持有一些貴金屬、持有一些股票、持有一些房產。」他認為，如果其中一個資產開始下滑，應將資金轉移到另一個標的。
末日博士麥嘉華認為，投資人去年對於美國經濟過度悲觀，今年卻又過於樂觀。麥嘉華這是針對2009年起的美股牛市之發言。「我認為美股已經出現超買的情形。」麥家華表示。
麥嘉華也稍稍降低了他對黃金的推薦，畢竟在過去 6 個月中，該貴金屬下滑幅度達 15%。
關於新興市場，麥嘉華也一改先前對於它成長潛力無可限量的評論，表示它在去年9月時超賣，但從那時起便陷入超買。
麥嘉華建議投資人「持有一些現金、持有一些貴金屬、持有一些股票、持有一些房產。」他認為，如果其中一個資產開始下滑，應將資金轉移到另一個標的。
Today’s Silver Propaganda: Silver prices could fall short term as physical market consolidates
MORE OF THE SAME GARBAGE FROM MSM….
Well, it looks like more of the same ORTHODOX ANALYSIS from MSM. Even though Comex Silver Stocks might be rising, its the CUSTOMER, not the DEALER that is rising. Just as Doc put in his blog yesterday, there was a big 1.5 million oz transfer from Dealer to Customer. Dealer inventory is now only 29 million.
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JP Morgan Silver Manipulation
Allow me to bring you up to date on what you need to know about JP Morgan’s manipulation of the silver market.
It is being exposed, and JP Morgan is failing, and losing money on their scheme.
On April 5th, we were given the gift of JP Morgan’s Blythe Masters giving a TV interview on CNBC where she was trying to claim that JP Morgan does not hold any position in the silver market, but rather, is hedging client long positions in silver.
Blythe says, “We store significant amounts of commodities, for instance silver, on behalf of customers. We operate vaults in New York City, in Singapore and in London. Often when customers have that metal stored in our facilities they hedge it on a forward basis through JPMorgan, which in turn hedges in the commodities market,” she said.
“If you see only the hedges and our activity in the futures market but you aren’t aware of the underlying client position that we’re hedging, then it would suggest inaccurately that we’re running a large directional position,” she added. “In fact that’s not the case at all. We have offsetting positions. We have no stake in whether prices rise or decline.”
The article and TV interview are here:
JPMorgan Not Speculating on Commodities: Blythe Masters
http://www.cnbc.com/id/46969993
Note the phrase: “the underlying client position that we’re hedging.”
Excuse me, my instinct tells me that clients don’t want their long silver positions hedged, or sold short. Why would a client with a long silver position want the bank to create an offsetting short position for the client? If you buy stock or shares in a company, do you want your brokerage firm to short the company you just bought to “protect” you from upside gains? This explanation makes no sense. A client with such a long and short position would also have to pay storage fees on the long silver position, and then lose all of any upside gains due to the short position. It makes no sense, in the way that Blythe is trying to get us to understand the words she is using.
As I understand things, JP Morgan (and many other banks, but mostly JP Morgan) has many clients who want to be long silver, in the OTC or “Over The Counter” market and LBMA market, up to perhaps $100 billion to $200 billion worth of “silver” in “accounts”. But JP Morgan (and other western banks) never went out and bought this silver in the first place, because there does not exist $100 billion to $200 billion worth of silver to buy in a world that produces and mines only about $6 billion (at $10/oz.) to $21 billion (at $30/oz) worth of silver per year. This puts JP Morgan (and other banks) in a natural short position, as they owe their clients 10-20 times more silver than the world produces annually. JP Morgan thus has this massive natural silver short exposure. To protect the bank from the silver short position, JP Morgan must cap silver prices, by shorting silver on the COMEX, where prices are set. Otherwise, as silver prices rise, the bank loses more and more on the silver they are supposedly holding for their clients. Only in that sense, does JP Morgan have “offsetting positions”; in other words, shorts on COMEX to back up or shore up JP Morgan’s other losing short positions (client long positions)!
JP Morgan cannot offset such OTC positions in the OTC market. Except, in the sense I just explained, every single additional “sale” of silver in the OTC market protects and hedges every other sale, as all sales of “silver” in “accounts” to customers have the cumulative effect of preventing people from buying and taking delivery of real physical silver which would drive the silver price up.
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