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Gold jewelry sales are finally picking up!
Chinese jewelry sales are a key component of global demand for both physical gold and platinum, accounting for 14 percent and 16 percent of consumption respectively. But since 2013, the consumption does not seem pretty ideal.
This year, gold jewelry sales in number one market China are finally picking up after years of decline, while consumers are still shying away from platinum.
Reported in FuninUSA news, Chinese gold jewelry sales rose 7 percent in the first quarter, having climbed in 2017 after three years of decline brought on by a shift in consumer spending to other areas like foreign travel, and as luxury goods demand dried up in the face of a crackdown on graft, according to World Gold Council data. Early reports suggest Chinese platinum jewelry purchases fell by a similar degree in the first quarter, after extending a run of annual declines into a fourth year last year.
The reasons for the condition of platinum product consumption may be the concerns of price, history, and product itself according to FuninUSA news.
Chinese consumers, particularly in rural areas, do not have the strong cultural affiliation with platinum that they have with gold.
Besides, though platinum retails at a lower price than pure gold, making it attractive to younger buyers with less disposable income, these younger consumers are also favoring 18-carat gold, with a cultural preference for gold metal over white persisting.
Also, Jewelers charge a workmanship fee to exchange old platinum products for new of 32 yuan per gram, compared to 18 yuan for gold, which makes it harder for those consumers, who see jewelry as a source of ready cash, to recoup the original cost of a platinum piece.
A further drop in platinum jewelry sales may occur this year, and the picture is not necessarily much rosier for gold, in spite of its first-quarter increase, due to uncertainty about Chinese economic growth, showed in FuninUSA news.
Silver/Gold Indicator attempting multi-year breakout:
https://kimblechartingsolutions.com/2018/06/silver-gold-indicator-attempting-multi-year-breakout/ …
Silver/Gold Indicator attempting multi-year breakout https://t.co/eXxhDeg8dx pic.twitter.com/vKPfl1Xo6C
— Chris Kimble (@KimbleCharting) June 7, 2018
Silver Gold Ratio… Set To “Spring” Precious Metals Higher?
by kimblecharting Thu, 04/19/2018 - 11:07
https://www.seeitmarket.com/silver-gold-ratio-set-spring-precious-metals-higher-17867/
Gold Hits All-Time Highs Priced In Emerging Market Currencies
Mark O'Byrne January 10, 2018
http://www.gold-eagle.com/article/gold-hits-all-time-highs-priced-emerging-market-currencies
Commodities : The Big Three - Rambus Chartology
Monday November 27, 2017 12:28
http://www.kitco.com/commentaries/2017-11-27/Commodities-The-Big-Three.html
According to this work, oil and copper in confirmed bull mode while gold is confirming its' bullish breakout... I think it's coming... just slower than anyone wants.
The Bullish Chartology for Gold... Public Version
Rambus Chartology Thursday October 26, 2017 15:40
http://www.kitco.com/commentaries/2017-10-16/The-Bullish-Chartology-for-Gold-Public-Version.html
Gold Readying to Rally
Adam Hamilton October 6, 2017
http://www.zealllc.com/2017/goldrdrl.htm
Gold- Mother of all bullish patterns formed?
by Chris Kimble | Sep 7, 2017 | Kimble Charting
https://kimblechartingsolutions.com/2017/09/gold-mother-bullish-patterns-formed/
$Gold on a Log Scale.....
#METL #Gold on a Log Scale..... Please RT. Our Next Free Webinar: https://t.co/2W40ewqSBe … pic.twitter.com/si7MOaFyA6
— Forex-Analytics (@ForexAnalytics1) August 13, 2017
How Much Gold Should the Common Man Own?
Posted by Mish | August 8, 2017 11:09:31
https://mishtalk.com/2017/08/08/how-much-gold-should-the-common-man-own/
Gold indicator, testing 6-year rising support. Metals bulls have fingers crossed that "support breaks!"
Gold indicator, testing 6-year rising support. Metals bulls have fingers crossed that "support breaks!" $GLD $SLV pic.twitter.com/6MSWVgyxoj
— Chris Kimble (@KimbleCharting) June 1, 2017
Last Days of The Gold Cartel
by Andrew Hoffman | Apr 15, 2017
https://www.milesfranklin.com/last-days-of-the-gold-cartel/
Charts and hyperlinks at the URL above...
Death Of A Presidency, An Empire, And A Monetary System
by Andrew Hoffman | Apr 13, 2017
https://www.milesfranklin.com/death-of-a-presidency-an-empire-and-a-monetary-system/
Commentary filled with hyerlinks in must read context at the URL above...
Gold 1210 or less this am, nonfarm payroll was higher than expected. Fed will use this for rates, but hike should be bullish for gold and drop the dollar.
gold futures back up to 1235 after trip back down below 1224. 1220 was major support and it held throughout manipulation leading up to and after Fed the felon speech.
1252-1255 last night and this morning, broke below yesterday afternoon to 1251 and spiked down to 1250 earlier.
It trend is true, 1254 should be low this am. It's struggle there.
Gold & Silver ROAR As Option Expiry Ends – Eric Sprott
Posted on February 26, 2017 by The Doc
http://www.silverdoctors.com/silver/silver-news/gold-silver-roar-as-option-expiry-ends-eric-sprott/
gold touch 1257 this evening into the morning.
there was some massive buying this evening, all within a few minutes around 9:30pm. many signs that things are lining up for gold run out of nowhere, up the slope to the top of K2.
$GOLD is quietly and purposefully headed up... options expiry coming... that'll be the best buy point.
Gold encroaching 1243 this morning. Should do the same to 1500 this year I believe.
gold in 1225 range at end of day trading. Headed up tonight because of Mnuchin effect.
https://www.bloomberg.com/news/articles/2017-02-14/mnuchin-g-20-debut-clouded-as-u-s-unspools-world-currency-pact
Which Assets Are Most Likely to Survive the Inevitable "System Reset"?
BY CHARLES HUGH SMITH POSTED FEBRUARY 11, 2017
https://dailyreckoning.com/92601-2/
DOW is at an all time high for a reason, and its leading to gold.
Wow... this is extraordinary... TY!!!
Courtesy of trunkmonk...
I think Tarullo, knows not only what is coming with in his position in the fed, he taruly knows what is ahead with gold and the dollar. he is leaving and my guess he is loading up.
http://www.investopedia.com/news/fed-officials-departure-creates-opening/?partner=YahooSA&yptr=yahoo
http://www.onlygold.com/Gold-Articles-Detail.asp?ArticleNum=656
It's coming and they just don't believe it. Gold around 1333 this afternoon.
http://realmoney.thestreet.com/articles/02/10/2017/fed-boosts-reserves-375-billion-five-weeks?puc=yahoo&cm_ven=YAHOO&yptr=yahoo
Looking good so far this am. Gold at 1230.
Agreed based on cartel past practice....
Need verification, I think gold price is stable to up today.
Gold ETF Mechanics: An Infographic
by BullionStar Jan 4, 2017 3:30 PM
http://www.zerohedge.com/news/2017-01-04/gold-etf-mechanics-infographic
Gold’s Crazy Secret
BY RAY BLANCO POSTED FEBRUARY 8, 2017
https://dailyreckoning.com/golds-crazy-secret/
Gold migrating around 1240.
Spot at 4pm at 1233ish. Stan Druckenmiller is back in gold, leaving gold election night, he said he is now all in again. Shorts be afraid, be very careful.
Megatrends 2020: What They Mean For Gold - Peter Diekmeyer
December 13, 2016
https://www.sprottmoney.com/Blog/megatrends-2020-what-they-mean-for-gold-peter-diekmeyer.html
Deutsche Bank Provides "Smoking Gun" Proof Of Massive Rigging And Fraud In The Silver Market
by Tyler Durden Dec 8, 2016 3:03 PM
http://www.zerohedge.com/news/2016-12-08/deutsche-bank-provides-smoking-gun-proof-massive-rigging-and-fraud-silver-market
My oldest source/collection of gold commentary: http://www.gold-eagle.com
Precious Metals Key Levels For Buyers
Wednesday November 23, 2016 14:56
http://www.kitco.com/commentaries/2016-11-23/Precious-Metals-Key-Levels-For-Buyers.html
An interesting list is at the link above...
These dirty bitches broke $1200 POG... unreal!!!
Precious Metals Stocks May Be Poised for a Major Upswing
Source: Clive Maund for The Gold Report (10/31/16)
https://www.streetwisereports.com/pub/na/17161
Even the MA300 is trending up for $GOLD:
From... ThirdEyeOpenTrades...
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