Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

 

Search Gold Prices
Gold Price
[Most Recent Quotes from www.kitco.com]
Our RSS Feed

Gold Updates by Mail

Enter your email address:

Follow Us on Twitter
« First Gold Manipulation, Now Silver? - Lead Researcher In Libor Case | Main | Capital Controls and a Bank Holiday in Greece… Here’s How You Can Profit »
Wednesday
Jul082015

China equities crash won’t benefit gold

LONDON – There has been a fair amount of speculation, including by ourselves, that the disastrous slump in the Chinese equity markets might prompt investors to switch to gold as a safe haven. Indeed we have seen physical gold flows into China already at record levels this year – with the half-year figure for withdrawals from the Shanghai Gold Exchange hitting a new record of approximately 1,180 tonnes – beating the previous 2013 record by around 90 tonnes plus. And 2013 is so far the record year for Chinese gold demand with full year SGE withdrawals of close on 2,200 tonnes.

However, although the earlier strength in Chinese equity markets has been seen by mainstream analysts as diverting investment from gold into stocks and shares, the reverse may well not be true according to the latest Precious Metals Weekly from major global specialist consultancy, Metals Focus.

Lawrence Williams

Read more.....

 

Is the bottom really in now that the HUI is standing at 144.06?

Could there be a final capitulation just ahead of us?

Have you plenty of cash to take advantage of the coming bargain prices?

If you would like to know which stocks we are buying and selling please join us atStock Trader our premium investment service.

Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

If you are new to investment in the precious metals sector then you can subscribe of our FREE newsletters regarding gold stockssilver stocks and uranium stocks, just click on the links and enter your email address and we will email you our articles along with other interesting posts.

Please remember to check your spam folder once you have subscribed to ensure that our verification email has not gone astray and you are getting our emails.

 

Winners of the GoldDrivers Stock Picking Competition 2007 

 

 

 

 

 

 


PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>