~*~Mining and Metals Du Jour~*~

[DocLevi]

I looked into gold some last night after reading the cork's implied great rise of gold and stopped to watch Jerry Lewis movies on TCM (Turner Classic Movies cable TV channel).

http://www.gold.org/supply-and-demand/gold-demand-trends
Seems that need demand is 33t of gold from Central Banks, but I immediately thought that, that could be just for the new reserve requirements brought about in EU (and maybe even the world group). So I was ready to just figure a soon as they hit their reserves they demand vanishes (maybe already occurred for the next thought this morning after seeing this post about gold just now...).

So now perhaps more demand when gold went lower (what is it every quarter, half-year or year those reserve requirements?) that maybe they will (or just now as writing this, did just) refresh gold amounts to meet reserve requirements. This could have led or did lead to false demand.

But seeing that technology demand is down 6t (perhaps gold wire connectors for video/audio replaced with wireless abilities)... For whatever reason...

Investment +25t is a big negative to future price gains as a good portion could dump when prices soften. So the demand rise is a risky venture into gold price rise, (and a sign of the end of times - gold hording).

http://www.gold.org/supply-and-demand/gold-demand-trends
http://www.gold.org/download/file/4815/GDT_Q4_2015.pdf

"Gold demand in the fourth quarter increased 4% year-on-year to a 10-quarter high of 1,117.7t. Full year demand was virtually unchanged, down just a fraction (-14t) to 4,212t. Weakness in the first half of the year was cancelled out by strength in the second half. Fourth quarter growth was driven by central banks (+33t) and investment (+25t), offset by a marginal contraction in jewellery (-6t) and continued declines in technology (-6t). Supply remained constrained: annual mine production increased by the slowest rate since 2008 (+1%) and recycling dropped to multi-year lows. Total supply declined 4% to 4,258t – the lowest since 2009."