~*~Mining and Metals Du Jour~*~

[Stinky_pinky]

We touched on this subject in a post last month Cork. Including the fact that the swiss are the worlds largest refiners of precious metals. Ok so the USA is resmelting 400 oz bars to make kilogram bars (or whatever is popular in the east) but why is the flow of precious metals flowing back to the USA from Swiss refineries instead of the multiyear trend of heading to Asian vaults. My guess is these is some shortage in physical metals.
Things start to make a lot more sense with the news of China's Special Drawing Rights to begin October 1st. Other issues that might be factoring into these changes in the flow of gold include a declining production supply due to labor issues in South Africa (gold supply) or South America (silver supply). The demand for gold and silver investment products here in the USA is still upwards of 60% of total world private demand. I would not be surprised to see the spit hit the fan (economically speaking) prior to Nov. 5th...just like in 2008. S~P