China Expands Gold Reserves to 2,710 Tons - Third Largest In The World GLD, TNR,v, MUX, GDX

  

  Now we have the confirmation from China IMF reporting to the previous report from Bloomberg. China is very serious in accumulation Gold and latest reports from Germany about the Gold price manipulation are coming now with the record leverage at COMEX with 112 owners per each ounce of Gold!

ZeroHedge: Precious Metals Manipulation Worse Than Libor Scandal, German Regulator Says GLD, TNR.v, MUX, GDX

"ZeroHedge reports on latest news from Bloomberg about Gold manipulation investigation in Europe. No surprises for us here - it is worse than Libor scandal. Will this news propel Gold above $1270 now to confirm the Double Bottom Reversal in 2013?"

Arthur Cutten: COMEX Gold Potential Claims Per Deliverable Ounce Rises to Historical High 112 to 1 GLD, TNR.v, MUX, GDX

 "After issuing his Buy Signal on Gold, Arthur reports the new historical all-time-high leverage at COMEX with 112 potential owners for each one ounce of Gold!"

Bloomberg: China May Become The Third-largest Holder Of Gold GDX, TNR.v, MUX, GDX

"Here it comes and a lot of people will be taken totally by surprise. Record buying of Gold by China last year will be translated in the much higher Gold holdings by PBOC. Bloomberg reports that these holdings could surpass now those of Italy and France - Jim Rickards talks about the announcement by Chinese Central Bank of 5,000 t of Gold holdings in the nearest future. It will be the game changer and puts Gold solidly into the investment game as well. Yesterday shock with Jobs numbers can be the sign of the real state of US Economy and it means that FED does not have any real exit strategy from QE permanent state. In another news Royal Mint in UK has run out of gold coins due to the exceptionally high demand."

Shangahai Metals Markets:

China Expands Gold Reserves, Surged Past Italy & France in Ranking

14 Jan 2014 Last updated at 06:47:50 GMT

BEIJING (Scrap Monster) : Claiming to have vaulted France and Italy in terms of gold reserves, China has announced that they have expanded their gold reserves by 76 %, thus becoming 3rd largest gold reserves in the world. According to the voluntary reporting system of IMF which monitors international gold reserves, China’s gold reserve have increased from the last reported holdings of 1,054 Tons in 2009, April to 2,710 metric tons currently.

 

China claims to have surged past Italy which has current holdings of 2,451.8 tons of gold reserves followed by France having 2,435.4 tons. The accurate reports released by the World Gold Council Data has placed US at the first position of world ranking for holding largest gold reserves which is 8,133.5 tons. The percentage of foreign reserve in gold in US is 75.1 %. Germany holds the second position with 3,391.3 tons of gold reserves.

 

In order to acquire the position, the Central Bank of China had added 622 tons of gold last year which was a massive boosting from the 380 tons of 2012 estimate. China had surged several nations to become the largest producer of gold. It has boosted its gold reserve without purchasing gold from global bullion market. While most of the major gold producing nations are reporting the decline of production, China remains to increase the production. 

 

 

 

Author: Paul Ploumis"

Bloomberg: China May Become The Third-largest Holder Of Gold GDX, TNR.v, MUX, GDX

  

  Here it comes and a lot of people will be taken totally by surprise. Record buying of Gold by China last year will be translated in the much higher Gold holdings by PBOC. Bloomberg reports that these holdings could surpass now those of Italy and France - Jim Rickards talks about the announcement by Chinese Central Bank of 5,000 t of Gold holdings in the nearest future. It will be the game changer and puts Gold solidly into the investment game as well. Yesterday shock with Jobs numbers can be the sign of the real state of US Economy and it means that FED does not have any real exit strategy from QE permanent state. In another news Royal Mint in UK has run out of gold coins due to the exceptionally high demand.

U.K. Royal Mint Runs Out of Sovereign Gold Coins on Demand

Peter Schiff: Gold & Dollar - An Imaginary Recovery Does Not Create Real Jobs

"Huge miss in Jobs numbers with only 74k created vs estimated well north of 200k can not be just dismissed as a blip in the data. Peter Schiff discusses that FED can not really Taper now, there is no real recovery and FED does not have the exit strategy. Gold is waking up to these developments. What if this data is the real state of the economy? Once people will realise how wrong is the expectation about the recovery Gold will go straight up. COMEX data shows that Gold shorts will be in trouble very soon."

Bloomberg:

China Seen by Bloomberg Industries Boosting Bank Gold Reserves

By Debarati Roy

China may have vaulted ahead of Italy and France last year to become the third-largest holder of gold, according to a Bloomberg Industries report.

Assets were probably about 2,710 metric tons, compared with the last reported holdings of 1,054 tons in April 2009, according to the report. Italy’s holdings are 2,451.8 tons, and France owns 2,435.4 tons, according to the World Gold Council data. The U.S. is the biggest holder with 8,133.5 tons.

China’s central bank probably added 622 tons last year after reserves increased 380 tons in 2012, according to the report by Kenneth W Hoffman, senior metals and mining analyst at Bloomberg Industries.

“Based on conversations with officials in China and Mongolia, it’s evident that China feels they want as much gold as much as the U.S.,” Hoffman said in a telephone interview from Skillman, New Jersey. “The refiners in Switzerland have been talking about melting gold after the selloff in London and shipping them to Hong Kong and then from Hong Kong can be traced to China.”

Assets in exchange traded funds backed by bullion fell by more than 869 tons in 2013, according to Bloomberg data, after prices fell 28 percent, the most since 1981.

“Gold has been moving from the west to the east this year,” Hoffman said

The Asian nation’s consumption of jewelry, bars and coins rose 30 percent to 996.3 metric tons in the 12 months that ended Sept. 30, while usage in India, the second-biggest buyer, gained 24 percent to 977.6 tons, according to the London-based World Gold Council."

Alasdair Macleod: Bullion Banks Still Stuck With Massive Short Gold Position on LBMA.

"Alasdair Macleod & Bill Murphy joined The Doc this week for a special episode of the SD Weekly Metals & Markets.
Bill & Alasdair gave an extraordinary interview, and discussed:

1. The cartel's shift to attacking the metals pre-emptively prior to the release of the FOMC/NFP reports to prevent break-outs to the upside.
2. The implications of the spiking 10 year Treasury bond with over $400 Trillion in interest rate swaps held by the major banks- would the banks be able to handle a rise in Treasury rates?
3. 1,300 tons of custodial gold held by the BOE (likely owned by France, Italy, & Spain) likely leased out onto the market over the first half of 2013 were required to prevent a systemic financial collapse in the wake of the Cyprus bail-in due to collapse of confidence in the banking system throughout Europe.
4. Using Austrian Measure for Money Supply, Gold Only Up 40% Since 2000!
5. While the bullion banks have largely covered their gold & silver short COMEX positions, the bullion banks are still stuck with a massive short gold position on the LBMA, and a sudden rise in the price of gold could stimulate a crisis in the physical market in London!"

Alasdair Macleod: "1300 tonnes of gold missing from the Bank of England?" GATA seeks answers.

"Alasdair Macleod talks with Max Keiser from 13.00 about Gold market, GOFO and questions whether "1300 tonnes of gold missing from the Bank of England?" If it is true, this gold was used to suppress the Gold price during the recent Special OP: Gold Wash Out. The record low COMEX Gold is indicating the Bear Squeeze in Gold coming to the market."

Special Op: Gold Wash Out. China Takes Another Stab At The Dollar, Anonymous Takes On The FED

  

  We all can have the different views on Anonymous, but timing of all recent events is pointing out to the very serious financial situation underlying the so apparent manipulation in the Gold market these days. If it takes Years for Germany to bring its Gold back - how much Gold Is There If Any Left?

  And here we go with another twist to the Friday's Gold Wash Out Special Op - ZeroHedge reports on another direct currency swap line established by China with France. This is just getting more serious day by day - US Dollar is under threat as the Reserve Currency of Choice, which is No More Wanted. The question is: will other Central banks join the FED in order to Kill the Confidence in Gold to protect the US Dollar Status now?

Matrix Strikes Back - Gold Wash Out, Goldman Advises To Sell - China Buys Physical Gold By Tons.

"Our first observation will be that US Dollar has not participated in the Friday Gold Death party - it is still Rolling Over into the Double Top Reversal. This kind of well orchestrated and coordinated action makes us to think hard: what kind of major monetary event really is coming on?"

Will Gold Use This Excuse To Build The Reversal Now? Charles Nenner Calls For Gold To Bottom In April.

"We will throw two significant events about the timing and background for our observations here: announcement of the Direct Currency Trade between China and Australia and Charles Nenner's call on Gold bottoming in April.
  Now all situation around North Korea can be interpreted with quite an interesting twist. Just before Iraq liberation that country has decided to trade Oil in Euros. Now China will trade with Australia Directly converting Yuan into Australian Dollars and it is one of the largest Commodity markets. Add here to the picture the similar agreements with Brazil, Russia and other countries and you have if not Gold backed Yuan yet, but definitely new chapter for the Reserve Currency of Choice - US Dollar."

ZeroHedge:

China Takes Another Stab At The Dollar, Launches Currency Swap Line With France

"One more domino in the dollar reserve supremacy regime falls. Following the announcement two weeks ago that "Australia And China will Enable Direct Currency Convertibility", which in turn was the culmination of two years of Yuan internationalization efforts as summarized by the following: "World's Second (China) And Third Largest (Japan) Economies To Bypass Dollar, Engage In Direct Currency Trade", "China, Russia Drop Dollar In Bilateral Trade", "China And Iran To Bypass Dollar, Plan Oil Barter System", "India and Japan sign new $15bn currency swap agreement", "Iran, Russia Replace Dollar With Rial, Ruble in Trade, Fars Says", "India Joins Asian Dollar Exclusion Zone, Will Transact With Iran In Rupees", and "The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap", China has now launched yet another feeler to see what the apetite toward its currency is, this time in the heart of the Eurozone: Paris. According to China Daily, as reported by Reuters, "France intends to set up a currency swap line with China to make Paris a major offshore yuan trading hub in Europe, competing against London." As a reminder the BOE and the PBOC announced a currency swap line back in February, in effect linking up the CNY to the GBP. Now it is the EUR's turn."

Sci-Fi Movie Script: "Federal Reserve - Keeping The Strong US Dollar Policy From 1913 - Established To Serve and Protect" GS, JPM, BAK, C, HBC

Sci-Fi Movie Script.

In-House Working Title: "Keeping the Faith In the US Dollar"

Suggested Change: "Finding the Faith In the US Dollar"

General Story-Line: "Federal Reserve: We as Federal As Federal Express. But Better For Our Shareholders"  

Gold and Elections in France: "I Am The Socialist" - The European FIAT QE Party Begins Now. "The Dictator" Congratulates Francois Hollandaise.

    It is a very good Joke, but what is happening in Europe is NOT. Austery is under Attack - QE will follow in many forms. Now watch the Gold - will the Call of Charles Nenner materialise this time? Our own Call on Apple is moving into the right direction so far. We are out of politics, but when today is pronounced "the new day not only for France, but for the whole Europe" - we do become more pessimistic. In UK Labor is dusting off Tony Blair now - the whole world is apparently obsessed with Mayan Calendar. Now the printing press will be really working "Like There Is No Tomorrow".

Charles Nenner Calls For Silver and Gold Bottom - We Call For Apple To Cool Down AAPL, GLD, SLV

CS. If you are long Apple, please, do not worry - we have been right only a few times. Charles Nenner Call is a much stronger proposition for the market - he wasn't right all the time as well, but some of his longer term calls are worth studying at least. 

  We decided to make our Call on Apple, because we are totally in love with its products, were calling for Steve Jobs to make an Electric iCar for years, but do not follow the company or holding any position in its stock now - we are totally disconnected with its market. And still, we can hear about Apple every day everywhere, everyone and his grandmother have invested in it and it is the newly found "sure thing". Life has taught us a very expensive lesson - that once everybody has invested in a "sure thing" the universe will switch the deck. Now, when everybody is in love with it and indexes are moving everyday with Apple's market the company can not allow to make anything wrong. Margin for any investors' tolerance is so thin now - any step back will bring the realisation that Steve Jobs is not there any more. Once it happen, selling will ignite further selling and commentators will be crying on Bubble TV "we have told you so" - then it will be time to buy again.

"Where is the connection between the Apple, Oil and Junior Miners? Apple's Top will signify the important turn in the market place - we do not expect economy to be allowed to go bust again in the election year - but if even Apple is not immune to the gravity, the Oil prices will start to be felt more and more. We expect the talk about the QE coming back with the first signs of weakness, the usual remedy against even potential Deflation will be the lower US Dollar via running printing press - more QE.
  Catalyst for the Juniors with solid projects in Gold, Silver, Copper, Lithium, Graphite and Rare Earths will be the simple fact that you can not print any of these commodities. M&A activity in the sectors must confirm our observations - industry insiders know better where the real value is.
  Canadian Venture Exchange Index daily chart below is one to watch now - we are close to the October's and December's Lows. Change in leadership in the market place and sector rotation can even beat the juniors' weak summer market seasonality this year."

Lithium Drive: Electric cars in France ilc, tnr.v, czx.v, rm.v, lmr.v, abn.v, asm.v, btt.v, bva.v, bvg.v, epz.v, fst.v, gbn.v, hao.v, jnn.v, ks.v, ktn.v, kxm.v, mgn, mxr.v, rvm.to, svb, ura.v, nup.ax, srz.ax, usa.ax

  France has all chances to become the capital for Electric Cars in Europe. Gas prices are higher across the pond than in US, there is a regulation to install charging spots in Commercial Real Estate and Residential Building and majority of Electricity is produced by Nuclear Power. Renault is pushing very aggressively and its Electric Cars are coming out this year.

Lithium Drive: Renault Fluence ZE – the best pure electric car yet?

"Finally, Renault is making headlines with its promised Electric Revolution. "Normal car", but better one - this electric car has all chances to make EV revolution to take to the streets. Pricing at the level of the ICE car and lease of Lithium batteries is making it the real game changer."

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  France is pushing hard into the Electric cars space now. Majority of this country's electricity is already produced by the nuclear power plants and Electric Cars is the logical next step in order to reduce France dependence on Oil supply.

"Lithium Charge: Development boosts lithium-ion battery power by 8-fold   With markets volatility on the steroids and mode swings from total depression to the short covering, we continue to advocate our pro life choice and inevitable Energy Transition to the electrification of our transportation. With the insolvent financial system we have, basically, only two choices: try deflation with a strong dollar and run on the insolvent banks and countries or the monetary magic of the FED and ECB with all other alphabet soup in between.  

  We do not know what to do in the case of depression, deflation and coming stone age after riots and our Lithium darlings are already priced for the coming Ice  (Internal Combustion Engine) Age to continue."

BBC:

Paris launches electric car-sharing scheme

Electric rental cars will be available to hire across Paris from next week

The backers hope the scheme will be a major boost for electric vehicles.

The Autolib system is intended to build on the success of the Velib bicycle-rental service, similar to that operating in many European cities.

A two-month pilot project will allow motorists to hire the battery-powered Bluecar for 30 minutes at a cost of four to eight euros.

Membership of the Autolib scheme will cost from 10 euros a day up to 144 euros a year.

The cars are being provided by entrepreneur Vincent Bollore and manufactured by the Italian designer Pininfarina, famous for sculpting Ferraris and Maseratis.

They will have a range of up to 250 km before a recharge, which will take about four hours.

Expansion planned

At first, 66 of the four-seater vehicles will be available for hire at 33 charging stations.

But Paris Mayor Bertrand Delanoe intends to expand to 3,000 vehicles and more than 1,000 stations by the end of 2012.

"We want to persuade people to shift from the concept of owning a car to that of using a car," Autolib General Manager Morald Chibout told the Reuters news agency.

The scheme intends to have 1000 charging stations across Paris by the end of 2012.

The project gets underway as leading automakers test driver enthusiasm for electric cars on a large scale in Europe.

Renault SA and its Japanese sister company Nissan Motor Company have invested 4 billion euros in electric vehicles.

Carlos Ghosn, who leads Renault and Nissan, has said electric cars could account for 10% of new car sales by 2020.

Short trips

Valentine de la Celle, a 30-year-old Parisian mother of two, does not own a car.

"We are doing building work at home at the moment and to take things to the tip I would have to hire a car, which is difficult," she told Reuters.

"But the scheme needs to be quick and simple, otherwise people will not use it."

Like the Velib cycle-hire scheme, Autolib's pricing structure encourages people to rent vehicles only for short journeys.

"We are not here to compete against traditional car rental businesses," said deputy mayor Annick Lepetit.

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