Offer & Supply

The total topped 100 million ounces in late 2012 & over the sell-off in the gold price fell to a low just under 70 million ounces (30% decline)

United States is one of the most important players in the gold market. It is, in my opinion, the most anti-gold country of all the major five players.

Silver COT positions are still increasing whilst gold's COTs are slowing.

The precious metals market participants met yesterday (Monday) in London under the auspices of the World Gold Council (WGC) to discuss modernisation of the benchmark golf fixing mechanism, the London Gold Fix.

Money Managers are piling on long (Hedge Funds?) And the Commercials are going short as JPM has to hedge the positions sold to the longs.

It was silver's turn over the last few weeks & now it's gold's turn to breakout this week.

Currency In Circulation vs Gold & Total Credit Market Debt vs Gold. Charts by Nick Laird.

The size of the physical silver market is of $20 billion, whereas Bloomberg is mentioning $5 trillion.

Both Russia and China have decided to put gold at the center of their currency war against the “exorbitant privilege” of the US dollar.

Up another 300,000oz (9.3 tonnes) in the last month. Russia is a solid accumulator - same as China.