Caledonia Mining Corporation (CMCL)

[NYBob]

Gold buying in India seen rising 15% as festivals aid demand India
vies with China as the world’s biggest gold consumer.
Swansy Afonso (Bloomberg) | 23 September 2015 09:10



http://www.mineweb.com/news-fast-news/gold-buying-in-india-seen-rising-15-as-festivals-aid-demand/

Gold purchases in India are poised to climb in the final quarter to the highest level since 2012, adding to signs that lower prices are spurring a resurgence of buying in Asia.
Demand may jump as much as 15 percent from a year earlier, said Bachhraj Bamalwa, a director with the All India Gems & Jewellery Trade Federation. That’d increase consumption to about 230 tons, the highest for the quarter since 261.9 tons in 2012, World Gold Council data show. India vies with China as the world’s biggest gold consumer.

A decline in global prices to the lowest level in more than five years in July has fueled physical demand in Asia. A shock devaluation of the Chinese currency last month and a rout in equity markets also helped buying. In India, demand usually peaks in the final quarter with gifting during festivals, which begin at the end of September this year and culminate with the start of the wedding season in November.

“The off-season demand was not very bad this year because of the lower prices and that’s why we expect the festival season to be good as well,” Bamalwa said by phone from Kolkata on Tuesday. “We saw higher imports coming in the last month, showing that jewelers are preparing for good demand for festivals and weddings.”

Swiss Shipments

Swiss exports of gold to India increased to 66.9 tons in August from 66.2 tons in July. Shipments to China jumped 49 percent to 17 tons and they more than doubled to Hong Kong reaching 36.2 tons, according to data on the website of the Swiss Federal Customs Administration.

Imports by India probably rose to 120 tons in August from 89 tons a month earlier and overseas purchases may be 250 tons in the final quarter, Bamalwa said. Futures on the Multi Commodity Exchange of India Ltd. plunged to the lowest in almost four years in July and traded at 26,295 rupees per 10 grams at 11:26 a.m. in Mumbai on Wednesday.

“We are very confident about how the season will turn out,” C.K. Venkataraman, chief executive officer for jewelry at Titan Co., said by phone from Bengaluru. Current price levels will be good enough to attract customers, he said.

About 60 percent of demand in India comes from rural areas, where most people depend on farming. While monsoon rains have been 13 percent below normal, farmers have increased plantings and rural demand may not be affected, Bamalwa said. The nation imported 891.5 tons in 2014, WGC data show.

©2015 Bloomberg News

Gold Prices Are Going Higher No Matter What The FED Does -
Jason Hamlin

September 18, 2015

http://www.gold-eagle.com/article/gold-prices-are-going-higher-no-matter-what-fed-does

http://www.gold-eagle.com/article/gold-prices-are-going-higher-no-matter-what-fed-does

Caledonia Mining (CALVF:OTCBB - Dividend $0.06 - Dividend Yield 8.42% -
OTCQX International)
$0.59 USDChange Today -0.0209 / -3.42%
Volume 10.7KCALVF On Other Exchanges

CALVF Dividend $0.06 - Dividend Yield 8.42%

http://www.bloomberg.com/research/stocks/snapshot/snapshot.asp?ticker=CALVF&submit.y=7

Caledonia Mining TV and Media -

http://www.caledoniamining.com/index.php/tv-media

https://www.youtube.com/embed/aNg373uQqp0

Gold Stocks Were Financial Saviors During The 1930s ... ex.

Gold Stocks in a Depression -

https://www.caseyresearch.com/articles/gold-stocks-depression

Under the depression the gold producer often
had a 3 shifts working 24hrs/day and was
doing very well on Wall Street -

a safe heaven for the investors and
plenty of work opportunities for the mine workers -

if the dollar will lose value the more gold
is needed to back it up -

also Mugabe holding Caledonia high - ex....

http://www.southsouthnews.com/civil-society/civil-society-features/101-media-for-development/allafrica-news/69699-zimbabwe-govt-abandons-indigenisation-report

Blanket Gold Mines workers are very happy -
they and their community got a good interest in the mines -
20% + and feel they working for their own company -
they have the best housing, community school etc.
CALVF gets 10% interest om the $30mil and still own it to
it payed $30mil. to CALVF etc. -



Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm
God Bless