Tag Archive: China

China Net Imported 1,300t Of Gold In 2016

2017-02-15

Hong Kong - China gold Trade Jan 2011 - Nov 2016

For 2016 international merchandise trade statistics point out China has net imported roughly 1,300 tonnes of gold, down 17 % from 2015. The importance of measuring gold imports into the Chinese domestic gold market – which are prohibited from being exported – is to come to the best understanding on the division of above ground reserves in and outside the Chinese domestic market.

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FX Daily, February 14: Markets Showing Little Love on Valentines

2017-02-14

by Marc Chandler

2017-02-14

Corrective pressures are gripping the major capital markets today.The Dollar Index's nine-day advancing streak is being threatened by the position adjustment ahead of Yellen's testimony later today. Despite record high closes in the main US equity markets yesterday, Asia could not follow suit. It tried to initially, and recorded new highs since July 2015, but sellers emerged and the MSCI Asia Pacific Index closed marginally lower on the lows of the...

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FX Traders Have To (Re)Learn A New Skill

2017-02-11

by Tyler Durden

2017-02-11

China Trade Balance with United States, April 2016-January 2017

Dear FX traders: forget the dot plot, and prepare to learn a new - or to some forgotten - skill: how to read trade flows. As Bloomberg's Vincent Cignarella and Andrea Wong point out, currency traders accustomed to analyzing the Fed’s dot plot and monthly U.S. jobs figures to predict the direction of the world's reserve currency are having to learn, or in some cases re-learn, a largely forgotten ability: how to scrutinize trade data. With...

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FX Daily, February 10: US Dollar Holding on to Week’s Gains

2017-02-10

by Marc Chandler

2017-02-10

The US dollar is about 12 hours away from gaining against all the major currencies this week. The main talking points today remain Trump-centric. The US dollar is mixed as European trading gets underway. Of note the dollar is continuing to gain on the yen. The yen is off 0.4%, which is nearly half the week's decline. The Aussie is the strongest on the day, up about 0.2% to trim the week's loss to about 0.45%.

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Destroying The “Wind & Solar Will Save Us” Delusion

2017-02-05

by Gail Tverberg

2017-02-05

Submitted by Gail Tverberg via Our Finite World blog, The “Wind and Solar Will Save Us” story is based on a long list of misunderstandings and apples to oranges comparisons. Somehow, people seem to believe that our economy of 7.5 billion people can get along with a very short list of energy supplies. This short … Continue reading »

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Switzerland’s Gold Exports To China Surge To 158 Tons In December

2017-01-28

by Mark O'Byrne

2017-01-28

Silk Road Gold Demand, India Imports, Turkey Imports, Russian Reserves, China SGE Withdrawals

Switzerland's Gold Exports To China Surge To 158 Tonnes In December. Switzerland's gold bullion exports to China saw a huge jump in December, climbing to 158 tons versus a much lower 30.6 tons in November - a jump of 416%.

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Policy Makers – Like Generals – Are Busy Fighting The Last War

2017-01-25

by Chris Hamilton

2017-01-25

The Maginot Line formed France's main line of defense on its German facing border from Belgium in the North to Switzerland in the South. It was constructed during the 1930s, with the trench-based warfare of World War One still firmly in the minds of the French generals. The Maginot Line was an absolute success...as the Germans never seriously attempted to attack it's interconnected series of underground fortresses. But the days of static warfare...

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China Says It Is Ready To Assume “World Leadership”, Slams Western Democracy As “Flawed”

2017-01-23

by Tyler Durden

2017-01-23

Over the weekend China used the Trump inauguration to warn about the perils of democracy, touting the relative stability of the Communist system as President Xi Jinping heads toward a twice-a-decade reshuffle of senior leadership posts.

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These Are The 3 Main Issues For Europe In 2017

2017-01-21

by George Friedman

2017-01-21

What will the year ahead look like for Europe? 2017 will be another chapter in the European Union’s slow unraveling… a process that has been underway for over a decade. The EU is a union in name only. The transfer of sovereignty to Brussels was never total, and member states are independent countries… each with their own interests at stake.

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Davos Elite Eat $40 Hot Dogs While “Struggling For Answers”, Cowering in “Silent Fear”

2017-01-17

by Tyler Durden

2017-01-17

For those unfamiliar with what goes on at the annual January boondoggle at the World Economic Forum in Davos, here is the simple breakdown. Officially, heads of state, captains of industry, prominent academics, philanthropists and a retinue of journalists, celebrities and hangers-on will descend Tuesday on the picturesque alpine village of Davos, Switzerland, for the World Economic Forum.

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Davos: In Defense Of Populism

2017-01-17

by Mike Krieger

2017-01-17

DAVOS MAN: “A soulless man, technocratic, nationless and cultureless, severed from reality. The modern economics that undergirded Davos capitalism is equally soulless, a managerial capitalism that reduces economics to mathematics and separates it from human action and human creativity.” – From the post: “For the Sake of Capitalism, Pepper Spray Davos”

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China Capital Flight: When $4 trillion is Too Much and $3 trillion is not Enough

2017-01-12

by Marc Chandler

2017-01-12

All of China's capital outflows are not capital flight fleeing. Capital controls limiting outflows can be tightened. Paying down dollar loans, a major source of capital outflows, is not an infinite process.

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Gold Bars Worth $800,000 Owned By Prince

2017-01-11

by GoldCore

2017-01-11

Gold Bars Worth $800,000 Owned By Prince. Prince, RIP, owned gold bars worth just over $800,000 according to the statement filed in a Minnesota court last Friday.

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Trump Is Set To Label China A “Currency Manipulator”: What Happens Then?

2017-01-11

by Tyler Durden

2017-01-11

While China has been banging the nationalist drums in its government-owned tabloids, warning daily of the adverse consequences to the US from either a trade war, or from Trump's violating the "One China" policy, a more tangible concern for deteriorating relations between China and the US is that Trump could, and most likely will, brand China a currency manipulator shortly after taking over the the Oval Office.

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FX Daily, January 10: Positioning more than Fundamentals Give Traders Pause

2017-01-10

by Marc Chandler

2017-01-10

FX Performance, January 10 2017 Movers and Shakers

After strong moves to start the year, the capital markets continue to consolidate. Many observers are suggesting a fundamental narrative behind the loss of momentum, but in discussions with clients and other market participants, it seems as if the main source of caution is coming from an understanding of market positioning rather than a reevaluation of the macro drivers.

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Gold Price In GBP Up 4 percent On Brexit and UK Risks

2017-01-10

by GoldCore

2017-01-10

Gold Price In GBP Rises 4% On Brexit and UK Economy Risks. Pound fell 2% against gold yesterday after Theresa May created Brexit concerns. May's 'Hard Brexit' denial does not calm markets growing fears. Investors concerned about lack of government strategy and uncertainty. UK Prime Minister bizarrely blames media and "those who print things" for sterling depreciation. GBP gold builds on 31% gain in 2016 with 4% gain so far in 2017.

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FX Weekly Preview: Macro Forces Underpin Dollar, Equities and Yields

2017-01-09

by Marc Chandler

2017-01-09

Odds of a March Fed hike edged up last week, and Q4 GDP figures were revised higher. Many continue to expect the new US Administration to pursue pro-growth tax reform, deregulation and infrastructure spending. Although many other high income countries are growing, near trend divergence of monetary policy continues.

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Gold Rises In All Currencies In 2016 – 9 percent In USD, 13 percent In EUR and 31.5 percent In GBP

2017-01-06

by GoldCore

2017-01-06

Gold gains in USD, GBP, EUR, CAD, AUD, NZD, JPY. Gold gains in CNY, INR & most emerging market currencies. Gold surges 31.5% in British pounds after Brexit shock. Gold acted as hedge and safe haven in 2016 … for those who need safe haven. Furthers signs of market having bottomed and bodes well for 2017. What drivers will gold respond to in 2017? EU elections and contagion risk, Geo-politics, terrorism, war and cyber war. Outlook for gold good...

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Nomi Prins’ Political-Financial Road Map For 2017

2017-01-05

by Nomi Prins

2017-01-05

As tumultuous as last year was from a global political perspective on the back of a rocky start market-wise, 2017 will be much more so. The central bank subsidization of the financial system (especially in the US and Europe) that began with the Fed invoking zero interest rate policy in 2008, gave way to international distrust of the enabling status quo that unfolded in different ways across the planet.

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Money, Markets, & Mayhem – What To Expect In The Year Ahead

2017-01-05

by Tyler Durden

2017-01-05

If you thought 2016 was full of market maelstroms and geopolitical gotchas, 2017's 'known unknowns' suggest a year of more mayhem awaits... Here's a selection of key events in the year ahead (and links to Bloomberg's quick-takes on each).

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