MASSIVE COMEX SILVER WITHDRAWAL ON FRIDAY- 3.6 MILLION OUNCES WITHDRAWN FROM BRINKS!

 睇來白銀市場有風暴出現

There was a massive silver withdrawal out of the Comex on Friday.  Over the past week, there has been a steady increase in the total amount of silver in the Comex warehouses.

However, in one huge withdrawal, 3.6 MILLION OUNCES, a whopping 17% of Brinks total REGISTERED silver inventory was removed on Friday.  I have not seen such a large withdrawal from the registered category for quite some time.
Furthermore, this single withdrawal from the Brinks registered category was nearly 10% of all the total registered silver in the Comex warehouses.

NEW IMPORTANT UDPATE BELOW:  added at 9:53 pm SATURDAY

Brinks had a staggering 3.6 million ounce silver withdrawal (or 17% ) from its total REGISTERED INVENTORY on Friday.  There was an additional 558,390 ounces withdrawn from HSBC.
There were two deposits on the same day.  456,057 ounces was deposited into the JP Morgan warehouse and 1,176,937 ounces went into the Scotia Mocatta vaults.

Even though there was a total of 1.6 million ounces deposited in the Comex Warehouses on Friday, there was 4.16 million withdrawn with a net reduction of 2.5 million ounces.
Of course we don’t know if these figures are completely accurate, but we can plainly see there is serious movement of silver coming in and out of the Comex.

UPDATE: 9:53 PM SATURDAY

I just looked at the USGS new monthly Silver Commodity Update.  What a SHOCKER.  If we take a look at the difference in silver exports from just June to July, we can see that a staggering 169 metric tonnes of silver was sent to the United Kingdom back in July.  This is a 5.4 million ounce transfer of silver to the U.K in just one month:

If you notice, you will see that the normal amount of silver that has been moved per month to several different countries is in the 30,000 kg or 30 metric tonnes.  

However, in July the U.S. exported 169,ooo kgs. or 169 metric tonnes to the U.K.   Looks like there has been some serious silver being transferred to the LBMA in London.

Lastly, of the total 587 metric tonnes of silver bullion exported between Jan-July of 2012, 169 metric tonnes or 29% of the total silver exports took place in one month… and to one country…. U.K.

Original Source 

Singapore hopes gold tax repeal will lure bullion refiners

實金實銀有無用?

無用就唔洗連星架坡都要想要 分一杯羹,希望成為亞洲其中的定價中心!

MUMBAI (MINEWEB)  -  

Singapore has repealed a 7% tax on investment-grade gold and other precious metals to spur the development of gold trading in the country. It is hoped the move will lift demand for gold bars and coins in the fourth quarter and applies to gold of 99.5% purity, silver of 99.9% purity and platinum of 99% purity.
While in the works for several months, the repeal came into effect on October 1.

Singapore is hoping the scrapping of the tax will lure bullion refiners to the country and convince trading houses to open storage facilities, transforming it into a key Asian pricing hub. along the lines of London and Zurich. Currently holding 2% of global gold demand, the Southeast Asian city-state aims to hike that to 10% to 15% over the next five to 10 years.
Currently, Singapore imports gold bars from Australia, Switzerland, Hong Kong and Japan, which are then sold to buyers in Southeast Asia and neighbouring India.

Singapore's investment gold demand nearly tripled to 3.5 tonnes in 2011, according to consultancy firm GFMS. Singapore has already tripled gold imports year over year, ending December.
At least one major refiner has already shown interest in opening a factory in Singapore. More gold traders are expected to set up offices and store more bullion, post the move.
Gold scraps from the across the region are also traded in Singapore, which helps determine the premiums for gold bars against prices in London.  Earlier, refiners were put off by Singapore's taxes, opting instead to mould and sell gold bars in Hong Kong, which does not impose duties on bullion, and Japan, where the consumption tax on gold was very low.

While gold trading in the region is expected to boost competitiveness, for local investors, the repeal of the tax is set to level the playing field for the precious metal. Gold will now stand at par with other financial instruments like stocks and bonds. Gold is also being held as an alternative to cash, with experts stating that the move is set to boost gold trading among retail investors.

Analysts have estimated the value of gold traded in Singapore at around $282 billion over the last year. The move is set to lower the barriers to entry for investors and to further boost interest in the precious metal.

Original Source 

Crime News: Federal Reserve $100 bill thieves in for bad surprise

In crime news that would make a cop laugh, a thief who stole $100 bills bound for the Federal Reserve is destined to shed some tears when they learn their big mistake: They stole bills not yet in circulation—and that looks very different from the current $100 bill.

Yep. That means they can't spend it right now if they need to, since it hasn't even been introduced into the economy's financial streams yet. And people would automatically see it as a poor counterfeit effort.

CNN Money reports that the $100 bill theft took place as the newly designed money was en route to a New Jersey Federal Reserve facility. And that the money isn't supposed to be unveiled until 2013.

So how did the criminal culprits even know such a big load of money was heading to New Jersey, yet not know that it wouldn't be spending money until the new president takes office?

No one knows or is saying at the present, but what is known is that the heist occurred sometime between 10:20 a.m. on Thursday, when the money landed via a commercial flight from Dallas to Philadelphia, and the final leg of the journey, which was at 2 p.m., when the plane landed in New Jersey.

And before anyone says anything about the sheer stupidity that government money by the Federal Reserve was being flown on commercial flights, instead of being overseen and flown by government aircraft, just consider all the other failures in the government during the past four years to control or protect anything else, like the U.S. Ambassador in Libya, for example. And then this crime news will be viewed as just another in a long list of failures.

(Photo Credit: U.S. Government)

瑞士去年全年從2700噸黃金中精煉了2600噸

周五(10月12日)公布數據顯示，瑞士是唯一用法律管理黃金純度的國家，去年全年從2700噸黃金中精煉了2600噸。
瑞士是世界上精煉黃金的基地，全球超過80%的純金都來自瑞士的精煉廠。

全球多數黃金都會經過瑞士精煉，尤其是在Ticino。瑞士每個精煉廠都是來自政府的試金分析人士，來保障黃金的純度。
瑞士2011年有2600噸黃金進口，總價值為1030億美元，該數據創下紀錄，為過去10年的兩倍，但是不包括通過瑞士自由港進口的黃金。

炒金輸鑊甘 殺校教師跳樓危殆

【本報訊】沙田一間中學的43歲前美術男教師，不幸因「殺校」被迫提早退休，之後疑信錯人睇錯市，投資現貨金勁蝕逾300萬元，他欲賣樓套現還清欠下朋友的近200萬元巨債，卻擔心被父母知道炒燶金。最終疑不堪投資失利，以及無法面對借錢幫他的朋友，昨在油麻地多層停車場跳樓尋死，送院搶救後現情況危殆，他在遺書中寫道：「我不想這生也花在還$（錢）中。」
記者：溫瑞麟、翁鈺輝

欠下近200萬元「街數」
失業後的翟Sir仍熱心作育英才，以半義務形式在多間非牟利社福機構教授音樂，又任城市榮恩教會傳道人。
消息稱，2006年，翟Sir任職的學校傳出殺校消息後，他開始謀定後路，其後朋友教他投資現貨金「錢滾錢」，可惜因睇錯市招致損手爛腳，去年合共虧蝕逾百萬元。
今年5月，翟Sir在朋友介紹下到金鐘一間黃金投資公司開戶，希望藉投資黃金及債券翻本，其間曾經贏錢獲利，令他更加心雄向同事及朋友借錢「加注」。可惜，近半年黃金市場大上大落，他於每盎司1,680美元高追入貨，結果價格逆轉大跌，被迫斬倉，血本無歸。
翟Sir不但輸光畢生積蓄及學校遣散費，更欠下近200萬元「街數」，令他大受打擊。據了解，翟Sir曾打算出售樂富物業套現還債，但想到是父母安樂窩，搬屋未必習慣，也不想讓父母知道自己炒燶黃金，令家人增煩添亂，最終打消有關念頭。
借錢不還的道德包袱把翟Sir壓得重重，深覺愧對借錢幫他的同事。昨晨11時許，他登上油麻地街市街多層停車場八樓，跨過圍欄縱身躍下，直墮二樓平台，停車場職員報警，救護員趕抵發現翟Sir昏卧血泊中，緊急送院搶救，證實腦出血、左邊手腳骨折，現時情況危殆。
其兄姊、舊同事及教友紛紛趕赴醫院，翟姊大嘆：「點會咁？冇聽見佢有問題。」其教友更在手術室門外祈禱，希望他大步檻過，做了八小時手術後，翟Sir被推離手術室去照腦掃描，全身插滿喉管，部份親友禁不住悲傷，雙眼通紅。

遺書叫親友賣資產還債
警員在場尋獲事主一個手袋，內有一袋紙巾、一部手機及一封遺書，翟Sir在遺書交代：「忘記我的錯，記住我的好……我因為信錯人，投資錯誤而尋死……無哂（晒）我D（啲）錢不緊要，最重要欠下舊同事鄭Sir廿萬……劉Sir卅萬，Ms張一百萬……我死後，將我的資產賣掉還給他們。我無勇氣告訴父母、家人，所以不負責地走了。請原諒我的任性，我不想這生也花在還$（錢）中。」
遺書上還列出債主電話方便警方聯絡，警方相信事件並無可疑。