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LAWRIE WILLIAMS: China’s Gold Demand Picking Up but Still Well Down On 2021

Lawrence Williams

08 June 2022The latest Shanghai Gold Exchange gold withdrawal figures for May have been released and have closed the gap on those of a year ago but the year to date volume is still well below that of 2021. The better May figure implies that China may be beginning to exit from its self-imposed restrictions imposed to control the recent Covid pandemic outbreaks in some major cities and industrial areas.

LAWRIE WILLIAMS: China back as No. 1 importer of Swiss gold but at low level.

Lawrence Williams

03 June 2022April Swiss gold exports and imports have China again as the leading recipient of Swiss re-refined gold, but at a rather lower level than in the past, Indian imports also still remain subdued

LAWRIE WILLIAMS: Another volatile month for gold, equities and bitcoin

Lawrence Williams

01 June 2022May proved to be a particularly volatile month for most asset classes and we anticipate similar levels of market activity in the month ahead.

LAWRIE WILLIAMS: Rule on gold price manipulation, inflation, Fed policy, Russian stocks and more

Lawrence Williams

30 May 2022In an interview in Vancouver with Kitco's Michelle Makori, Rick Rule set out some of his views on gold price manipulation/suppression, inflation, US Fed policy, uranium and much more.

LAWRIE WILLIAMS: Russia still quiet on gold reserve increases – if any.

Lawrence Williams

22 May 2022Russia continues to be totally reticent on whether or not it has been adding to its gold reserves despite intimating that it might resume such additions from April after a 2-year gap. We assume its reluctance to come up with new figures is war-related. Meanwhile there are rumours that Russia and China are considering launching a new gold and commodity backed reserve currency to challenge the U.S. dollar.

LAWRIE WILLIAMS: Equities, bitcoin have had their fun.  Day of reckoning nears.

Lawrence Williams

18 May 2022After a couple of days of unaccountable gains given the dire global economic situation, equities were falling back sharply in today's trading in Europe and North America and gold seemed to be catching a bid. We anticipate this trend continuing as inflation continues to devastate the global economy,

LAWRIE WILLIAMS: China’s April gold demand confirms sharp economic downturn

Lawrence Williams

11 May 2022China's April SGE gold withdrawal figures confirm a downturn in Chinese gold demand which, if taken with some similat trends elsewhere due to a resurgence in coronavirus infections could mean storm clouds ahead for gold.

LAWRIE WILLIAMS: Russia still mute on gold reserve increases

Lawrence Williams

22 April 2022As anticipated Russia has not announced any details of changes in its gold reserves despite having announced that its central bank will be adding to them again, It is undoubtedly using gold to help finance its war efforts in ukraine where its military equipment losses appear to have been very substantial/

LAWRIE WILLIAMS: Chinese gold buying slips sharply in March

Lawrence Williams

11 April 2022The March SGE gold withdrawal figures have come in sharply lower year on year which could indicate an overall gold demand reduction, or perhaps a temporary blip due to the Shanghai coronavirus outbreak and the attempts to bring it under control, We also speculate that any shortfall could be filled by imports of Russian gold as China is not a participant in the sanctions which may prevent Russian gold miners selling their product on the open market.

LAWRIE WILLIAMS: Ukraine war second phase and impact on gold

Lawrence Williams

08 April 2022Russia appears to have totally withdrawn its forces back to Belarus from the north of Ukriane which had threatened Kyiv and Chernihiv. The withdrawal is almost certianly a sign of a lack of success in this part of the offensive, but will enable Russia to concentrate on the east and south where it can directly resupply its forces directly from Russia. However evidence of atrocities committed by Russian troops in occupied areas is likely to harden Western sanctions imposition, the inflationary impact of which would be positive for the gold price.