Trump Selects Wall Street Insiders for Cabinet; Steve St. Angelo on Silver Production Peak on 2015

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up we’ll hear a fascinating interview with Steve St. Angelo of the SRSRocco Report. Steve gives his unique and studied perspective on how peak energy is coming sooner than we think and is ultimately going to be a key driver for higher gold and silver prices. Don’t miss my interview with Steve St. Angelo, coming up after this week’s market update. As investors continue to shuffle their portfolios in preparation for the coming Donald Trump era in Washington, precious metals markets are being overlooked. Gold and silver sold off […]

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Spectacular Chinese Gold Demand 2015 Fully Denied By GFMS And Mainstream Media

BullionStar Debunking the Thomson Reuters GFMS Gold Survey 2016 report. New information provides a more detailed perspective on the Chinese domestic gold market.  In the Gold Survey 2016 report by GFMS that covers the global gold market for calendar year 2015 Chinese gold consumption was assessed at 867 tonnes. As Chinese wholesale demand, measured by withdrawals from Shanghai Gold Exchange designated vaults, accounted for 2,596 tonnes in 2015 the difference reached an extraordinary peak for the year. In an attempt to explain the 1,729 tonne gap GFMS presents three brand new (misleading) arguments in the Gold Survey 2016 and reused […]

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US 2015 Oil Production and Future Oil Prices

Oil production can be confusing because there are various “pieces” that may or may not be included. In this analysis, I look at oil production of the United States broadly (including crude oil, natural gas plant liquids, and biofuels), because this is the way oil consumption is defined. I also provide some thoughts regarding the direction of future world oil prices. Figure 1. US Liquid Fuels production by month based on EIA March 2016 Monthly Energy Review Reports. US oil production clearly flattened out in 2015. If we look at changes relative to the same month, one-year prior, we see that […]

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SGE Gold Trading Volume 2015 Up 84 % Y/Y

BullionStar In two parts I will present an overview of the Chinese gold market for calendar year 2015. In this part we’ll focus on Shanghai Gold Exchange trading volumes. In the next post we’ll focus on physical supply and demand flows in Chinese gold market in 2015. First, let us quickly assess the core volume data of the largest precious metals exchanges in China and the US. Physical and derivative gold trading at the Shanghai Gold Exchange (SGE) in 2015 reached 17,033 tonnes, up by 84 % from 9,243 tonnes in 2014. Gold futures trading at the Shanghai Futures Exchange […]

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Precious Metals Import India 2015 Strong, Government Hopelessly Continues To Obstruct Demand

BullionStar While India’s gross gold bullion import in 2015 reached the third highest amount ever at 947 tonnes and gross silver bullion import reached the highest amount ever at 8,504 tonnes, the Indian government is perpetually trying to obstruct the populace from protecting their wealth.  Last week I was going through gold and silver trade data released by the Indian Directorate General of Commercial Intelligence and Statistics (DGCIS) and observed strong import of precious metals in 2015. At the same time I was reading the documents, news came out that stated the Indian government was to implement extra rules to hinder its people […]

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2015: The Year No One Made Money, Unless…

In this morning’s 5 Day Forecast, Adam O’Dell, our Chief Investment Strategist, gave Boom & Bust subscribers a snapshot of what 2015 was like for stocks, bonds and commodities. The picture was ugly! So I’m going to show you too, but I’m going to let charts do the talking… Since early 2006 we’ve seen a series of major bubble tops. It started with real estate. Then it was emerging market stocks in late 2007, commodities and oil in mid-2008, gold in late 2011, Treasury bonds in mid-2012, junk bonds in mid-2013, and finally stocks in mid-2015 (although the largest cap […]

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What Really Happened In 2015, And What Is Coming In 2016…

A lot of people were expecting some really big things to happen in 2015, and most of them did not happen.  But what did happen?  It is my contention that a global financial crisis began during the second half of 2015, and it threatens to greatly accelerate as we enter 2016.  During the last six months of the year that just ended, financial markets all over the planet crashed, trillions of dollars of global wealth was wiped out, and some of the largest economies in the world plunged into recession.  Here in the United States, 2015 was the worst year […]

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2015 Was The Worst Year For The Stock Market Since 2008

It’s official – 2015 was a horrible year for stocks.  On the last day of the year, the Dow Jones Industrial Average was down another 178 points, and overall it was the worst year for the Dow since 2008.  But of course the Dow was far from alone.  The S&P 500, the Russell 2000 and Dow Transports also all had their worst years since 2008.  Isn’t it funny how these things seem to happen every seven years?  But compared to other investments, stocks had a relatively “good” year.  In 2015, junk bonds, oil and industrial commodities all crashed hard – […]

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58 Facts About The U.S. Economy From 2015 That Are Almost Too Crazy To Believe

The world didn’t completely fall apart in 2015, but it is undeniable that an immense amount of damage was done to the U.S. economy.  This year the middle class continued to deteriorate, more Americans than ever found themselves living in poverty, and the debt bubble that we are living in expanded to absolutely ridiculous proportions.  Toward the end of the year, a new global financial crisis erupted, and it threatens to completely spiral out of control as we enter 2016.  Over the past six months, I have been repeatedly stressing to my readers that so many of the exact same […]

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Interview Koos Jansen By Lars Schall, November 2015

BullionStar I was interviewed by Lars Schall on behalf of Matterhorn Asset Management, 4 November 2015. Please listen to the podcast below, or you can read the transcript provided with links for further reference. Wa talked about PBOC gold purchases, the London Bullion Market, The Shanghai Gold Exchange, the Silk Road Economic Project and much more! China is playing the gold game very carefully Lars:  My first question would be, during this year, the Chinese Central Bank announced its new gold position.  How much does China possess now and do you think those numbers are accurate? R:  Well, they state they […]

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