Penny Gold Miners

[NYBob]

South Africa Gross $Gold & Forex Reserve dipped from previous $49.1B to $47.611B in January -
Fri, Feb 06 2015, 06:00 GMT | FXStreet

http://www.fxstreet.com/news/forex-news/article.aspx?storyid=35f30ad0-6d50-41a3-bc05-9fa4baf4d8f4

Another 71 tonnes of gold withdrawn from China’s SGE in week 3 Withdrawals
from the SGE for the first 3 weeks of the year have totalled 202 tonnes –
comfortably more than world new mined gold supply for the period.
Lawrence Williams | 1 February 2015 20:58

http://www.mineweb.com/news/gold/another-71-tonnes-gold-withdrawn-chinas-sge-week-3/
gold bars and granules
Despite some talk that India may have re-overtaken China as the World’s
largest gold consumer, gold withdrawals out of the Shanghai Gold Exchange
(SGE) continue to contradict this enormously.
The Chinese themselves have stated that SGE withdrawals – all physical gold
which, under SGE rules, cannot be returned to the Exchange for resale –
are totally representative of Chinese gold demand.
So the SGE figures, which are published weekly, in our view remain as
the most readily available measure of true Chinese gold demand.
As SGE figures nowadays include withdrawals from the Exchange’s
international section, the SGEI, (which are not necessarily landed in
China at all) the actual Chinese mainland demand figure may be a little
lower than the overall total may suggest, but the SGEI withdrawals are
believed to be a very small maximum of up to 5 tonnes, probably less),
so the latest overall SGE withdrawals, which are running at a huge level,
indicate massive internal demand running up to this year’s Chinese New
Year, which is still nearly 3 weeks away (on February 19th).

The latest total withdrawals figure from the SGE, for the week ending
January 23rd, was a huge 70.62 tonnes – even larger than the previous
week’s 70.00 tonnes which was until now the third highest weekly figure
ever.
This means that withdrawals from the Exchange for the first 3 weeks of the
year have come to over 200 tonnes – and with total global new mined gold
production running at around 60 tonnes a week according to the latest
GFMS estimates, this shows that the SGE on its own is accounting for
comfortably more than this so far this year.
GFMS has also seen a fall in global scrap supplies –
the other main contributor to the total world gold supply – which
it sees as continuing through 2015 so the Chinese SGE withdrawal figures
so far are, on their own, accounting for around 85% of ALL new gold
available to the market.
So where’s the rest of the world’s (including India) gold supply coming
from?

January is usually a particularly strong month for Chinese gold demand
in the period immediately prior to the Chinese New Year holiday which
is accompanied by gift giving in which gold ornaments and
jewellery play an important part.
But what is particularly significant about this year’s apparent demand is
that it has occurred within a rising gold price scenario.
That demand remains particularly strong is also shown by the fact that
Shanghai gold premiums have stayed positive throughout according to
reports, while gold-buying business at Chinese shopping malls has seen
some ‘stampede’ situations arising according to the Chinese press.

Historic Revolt Against Corrupt Western Banksters Now Underway - ? -
February 02, 2015

http://kingworldnews.com/historic-revolt-corrupt-western-banksters-now-underway/

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The Only Legal Tender is Gold and Silver the rest is fiat 666 poncy schemes -

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

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110491528
imo. -
God Bless