Switzerland’s Gold Exports To China Surge To 158 Tons In December

Switzerland’s Gold Exports To China Surge To 158 Tonnes In December

Switzerland’s gold bullion exports to China saw a huge jump in December, climbing to 158 tons versus a much lower 30.6 tons in November –  a jump of 416%.

According to Eddie van der Walt as reported on the Bloomberg terminal this morning, total Swiss gold exports surged to 287.6 tons in December (valued at CHF 10.8b) according to data on the website of the Swiss Federal Customs Administration.

Switzerland’s gold exports had already been very robust in November coming in at 191.4 tons. This means that total Swiss gold exports rose by over 50% from November to December due to global and particularly Chinese demand. Another indication of this global gold demand is that Swiss gold imports increased to 323.6 tons vs 220.5 tons – likely due to refinery demand and investors opting to store gold in Switzerland.

There was increased demand from China ahead of the Chinese New Year and due to concerns about the continuing devaluation of the yuan. This accounts for much of the rise but uncertainty regarding the election of President Trump may also have contributed to the strong rise in Swiss gold exports.

Gold exports to China in December “were the highest since at least January 2014” according to Bloomberg. Most of the exports to China are in the form of investment grade gold bars in the one kilogramme gold bar format which is used by Chinese investors, institutions, exchange traded funds (ETF) and indeed the Shanghai Gold Exchange.

Gold “exports to India dropped to 20.6 tons vs 63.2 tons in November and shipments to Hong Kong fell to 38 tons vs 45.8 tons.”

Gold bullion imports from the U.K. jumped to 148 tons vs 48.4 tons meaning that Swiss gold imports from the U.K. “were the highest since December 2015.” The London gold market continues to see outflows as gold continues to move from the London gold market to strong hands in China via the Swiss refineries. There are also flows to retail and high net worth investors including companies and family offices choosing to store gold in Switzerland and other safer jurisdictions.

Gold and Silver Bullion – News and Commentary

Dow Tops 20,000 as Earnings Feed Rally, Bonds Fall (Bloomberg.com)

Dow Jones ends above 20,000 for first time (RTE.ie)

Gold steadies near 1-1/2-week lows, equities rally pressures (Reuters.com)

Gold ETF Lures Most Money Since ‘12 as Europe Frets on Trump (Bloomberg.com)

Investors pile into gold as Trump signals weaker dollar (Nikkei.com)

Rubin’s mantra of “a strong dollar’ is retooled for the Trump era (MarketWatch.com)

Gold smashed on eve of options expiration – GATA (Gata.org)

Ireland’s gold reserves – Basic information concealed (TheDailyCoin.org)

Doug Casey: Comparing the 1930s and Today (InternationalMan.com)

Three days in and Trump has already kept one pledge (PaulCraigRoberts.org)

Gold Prices (LBMA AM)

26 Jan: USD 1,191.55, GBP 945.14 & EUR 1,111.95 per ounce
25 Jan: USD 1,203.50, GBP 956.90 & EUR 1,119.62 per ounce
24 Jan: USD 1,213.30, GBP 972.22 & EUR 1,130.07 per ounce
23 Jan: USD 1,213.75, GBP 974.03 & EUR 1,130.12 per ounce
20 Jan: USD 1,199.10, GBP 974.87 & EUR 1,127.03 per ounce
19 Jan: USD 1,203.35, GBP 976.76 & EUR 1,129.34 per ounce
18 Jan: USD 1,212.50, GBP 984.91 & EUR 1,134.78 per ounce
17 Jan: USD 1,217.50, GBP 1,003.59 & EUR 1,141.65 per ounce
16 Jan: USD 1,202.75, GBP 997.56 & EUR 1,135.40 per ounce

Silver Prices (LBMA)

26 Jan: USD 16.86, GBP 13.39 & EUR 15.71 per ounce
25 Jan: USD 16.93, GBP 13.46 & EUR 15.74 per ounce
24 Jan: USD 17.10, GBP 13.73 & EUR 15.92 per ounce
23 Jan: USD 17.14, GBP 13.78 & EUR 15.97 per ounce
20 Jan: USD 16.89, GBP 13.73 & EUR 15.87 per ounce
19 Jan: USD 16.95, GBP 13.75 & EUR 15.89 per ounce
18 Jan: USD 17.12, GBP 13.93 & EUR 16.01 per ounce
17 Jan: USD 17.00, GBP 13.91 & EUR 15.87 per ounce
16 Jan: USD 16.82, GBP 13.94 & EUR 15.87 per ounce
13 Jan: USD 16.76, GBP 13.76 & EUR 15.74 per ounce


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www.GoldCore.com 

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Honeymoon’s Over – Trump ‘Death Cross’ Appears In Sentiment Data

Stock markets are soaring, which President Trump says is “Great!” so why is consumer confidence for Republicans and Americans earning over $100,000 collapsing?

 

And overall Bloomberg’s survey finds “Personal Finances” a one-way street lower since the election, despite soaring stocks…

This is a major ‘death-cross’ in Trump’s plan as it appears ‘animal spirits’ are evident only in Wall Street’s speculative capital and not being felt at all on Main Street.

Just remember, the market is not the economy…

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USOIL

USOIL — trading idea and price prediction for Crude Oil (WTI) (FX:USOIL) from trader neimiyu (2017-01-26). TradingView — best trading ideas and …

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USOIL

USOIL — trading idea and price prediction for Crude Oil (WTI) (FX:USOIL) from trader neimiyu (2017-01-26). TradingView — best trading ideas and …

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Earnings Barrage: This Is What GOOGL, MSFT, INTC And SBUX Reported

In what is one of the busiest reporting days of the quarter, Microsoft, Intel, Google, Starbucks, and more all reported earnings after the close.Here is a quick recap:

GOOGL: Q4 non-GAAP EPS miss $9.36, Exp. $9.64; Revenue $26.0BN, Exp. $25.2BN; Revenue ex-TAC $21.2BN, Exp. $20.6BN

  • 4Q paid clicks +36.0%, est. +25.7%
  • 4Q Google other rev. $3.40b
  • 4Q rev. ex-tac $21.2b
  • 4Q cost-per-click -15.0%, est. +10.7%
  • 4Q adj. operating profit $8.49b, est. $8.18b (range $6.12b- $9.30b)
  • 4Q Google advertising rev. $22.4b
  • 4Q free cash flow $6.34b
  • 4Q capital expenditures $3.08b

* * *
MSFT: Q2 EPS non-GAAP EPS beat $0.83 (Ex-LinkedIn $0.84), Exp. $0.79; Revenue $25.9BN, Exp. $25.3BN; Rev. ex-LinkkedIn: $25.8BN, Exp. $25.3BN

  • 2Q rev. by business unit:
    • More Personal Computing $11.82b vs est. $11.44b (5 ests. compiled by Bloomberg News)
    • Intelligent Cloud $6.86b vs est. $6.68b (5 ests.)
    • Productivity and Business Processes $7.38b vs est. $7.02b (5 ests.)
  • Sees “strong demand” for cloud-based services

* * *

INTC: Q4 non-GAAP EPS beat $0.79, Exp. 0.75, Revenue $16.4BN, Exp. $15.8BN

  • Sees 1Q adj. EPS 65c +/- 5c, est. 61c
  • Sees 1Q adj. GM 63% +/- Couple Pts, est. 61.9%
  • Sees 1Q rev. $14.8b +/- $500m, est. $14.5b
  • Sees year rev. roughly flat; expected to grow in low single digits excluding Intel Security Group from both years
  • Client computing rev. $9.1b, up 4% y/y
  • DCG rev. $4.7b, up 8% y/y
  • 4Q adj. gross margin 63.1% vs est. 63.1%

* * *

SBUX: Q1 EPS match non-GAAP EPS $0.52, Exp. $0.52; Revenue $$5.73BN, Exp. $5.83BN, Q1 Comps +3%, Exp. +3.7%

  • Sees revenue growth 8-10%, Saw growth in the double digits.
  • 1Q China/Asia Pacific comp. sales +5%, est. +3% (Consensus Metrix, average of 26)
  • 1Q Americas comp. sales +3%, est. +3.9%
  • 1Q EMEA comp. sales -1%, est. +1.8%
  • 1Q adj. operating margin +20.0%
  • 1Q China/APAC operating margin 21.2%
  • 1Q EMEA operating margin 16.8%
  • 1Q net new store openings in Americas 251

And how the respective shares are reacting:

The post Earnings Barrage: This Is What GOOGL, MSFT, INTC And SBUX Reported appeared first on crude-oil.top.

Earnings Barrage: This Is What GOOGL, MSFT, INTC And SBUX Reported

In what is one of the busiest reporting days of the quarter, Microsoft, Intel, Google, Starbucks, and more all reported earnings after the close.Here is a quick recap:

GOOGL: Q4 non-GAAP EPS miss $9.36, Exp. $9.64; Revenue $26.0BN, Exp. $25.2BN; Revenue ex-TAC $21.2BN, Exp. $20.6BN

  • 4Q paid clicks +36.0%, est. +25.7%
  • 4Q Google other rev. $3.40b
  • 4Q rev. ex-tac $21.2b
  • 4Q cost-per-click -15.0%, est. +10.7%
  • 4Q adj. operating profit $8.49b, est. $8.18b (range $6.12b- $9.30b)
  • 4Q Google advertising rev. $22.4b
  • 4Q free cash flow $6.34b
  • 4Q capital expenditures $3.08b

* * *
MSFT: Q2 EPS non-GAAP EPS beat $0.83 (Ex-LinkedIn $0.84), Exp. $0.79; Revenue $25.9BN, Exp. $25.3BN; Rev. ex-LinkkedIn: $25.8BN, Exp. $25.3BN

  • 2Q rev. by business unit:
    • More Personal Computing $11.82b vs est. $11.44b (5 ests. compiled by Bloomberg News)
    • Intelligent Cloud $6.86b vs est. $6.68b (5 ests.)
    • Productivity and Business Processes $7.38b vs est. $7.02b (5 ests.)
  • Sees “strong demand” for cloud-based services

* * *

INTC: Q4 non-GAAP EPS beat $0.79, Exp. 0.75, Revenue $16.4BN, Exp. $15.8BN

  • Sees 1Q adj. EPS 65c +/- 5c, est. 61c
  • Sees 1Q adj. GM 63% +/- Couple Pts, est. 61.9%
  • Sees 1Q rev. $14.8b +/- $500m, est. $14.5b
  • Sees year rev. roughly flat; expected to grow in low single digits excluding Intel Security Group from both years
  • Client computing rev. $9.1b, up 4% y/y
  • DCG rev. $4.7b, up 8% y/y
  • 4Q adj. gross margin 63.1% vs est. 63.1%

* * *

SBUX: Q1 EPS match non-GAAP EPS $0.52, Exp. $0.52; Revenue $$5.73BN, Exp. $5.83BN, Q1 Comps +3%, Exp. +3.7%

  • Sees revenue growth 8-10%, Saw growth in the double digits.
  • 1Q China/Asia Pacific comp. sales +5%, est. +3% (Consensus Metrix, average of 26)
  • 1Q Americas comp. sales +3%, est. +3.9%
  • 1Q EMEA comp. sales -1%, est. +1.8%
  • 1Q adj. operating margin +20.0%
  • 1Q China/APAC operating margin 21.2%
  • 1Q EMEA operating margin 16.8%
  • 1Q net new store openings in Americas 251

And how the respective shares are reacting:

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Bonds, Dow, & Dollar Rise As Peso & VIX Protection Pounded

Anyone else get this feeling today…

 

S&P 2,300; Dow 20,100 early on but couldn’t extend gains…

 

NOTE Dow was closed right at 20100…

 

Despite the best efforts to crush VIX once again, the S&P could not hold on to gains… (NOTE that VIX was extremely wild around the 10.8 area where it died yesterday as Dow 20k hit)

 

VIX dropped intraday to its 2nd lowest level in 10 years…

 

It looks like the Short-squeeze ammo just ran out…

 

What happens next?

 

The Peso was pounded all day…

 

And the Dollar rebounded modestly… (pushing the Dollar Index back above 100)

 

Yen was the biggest loser today but all the majors lost ground as the greenback strengthened (though remains down on the week)

 

Remember, tonight is the last trading day for China before they go away for Golden Week (which has historically meant a weaker dollar and stronger gold)…

 

Despite stock gains and VIX decline, bonds were bid today (accelerating after a solid 7Y auction)

 

Gold and Silver are now lower on the week as copper and crude catch the reflation bug…

 

Gold and silver both broke below key levels ($1200 and $17)…

 

Bonus Chart: S&P hit 2,300 Record Highs today… and the gap between hope and reality yawns ever wider…

 

Bonus Bonus Chart: Today was the worst day for US Macro data since August…

The post Bonds, Dow, & Dollar Rise As Peso & VIX Protection Pounded appeared first on crude-oil.top.

Bonds, Dow, & Dollar Rise As Peso & VIX Protection Pounded

Anyone else get this feeling today…

 

S&P 2,300; Dow 20,100 early on but couldn’t extend gains…

 

NOTE Dow was closed right at 20100…

 

Despite the best efforts to crush VIX once again, the S&P could not hold on to gains… (NOTE that VIX was extremely wild around the 10.8 area where it died yesterday as Dow 20k hit)

 

VIX dropped intraday to its 2nd lowest level in 10 years…

 

It looks like the Short-squeeze ammo just ran out…

 

What happens next?

 

The Peso was pounded all day…

 

And the Dollar rebounded modestly… (pushing the Dollar Index back above 100)

 

Yen was the biggest loser today but all the majors lost ground as the greenback strengthened (though remains down on the week)

 

Remember, tonight is the last trading day for China before they go away for Golden Week (which has historically meant a weaker dollar and stronger gold)…

 

Despite stock gains and VIX decline, bonds were bid today (accelerating after a solid 7Y auction)

 

Gold and Silver are now lower on the week as copper and crude catch the reflation bug…

 

Gold and silver both broke below key levels ($1200 and $17)…

 

Bonus Chart: S&P hit 2,300 Record Highs today… and the gap between hope and reality yawns ever wider…

 

Bonus Bonus Chart: Today was the worst day for US Macro data since August…

The post Bonds, Dow, & Dollar Rise As Peso & VIX Protection Pounded appeared first on crude-oil.top.