GOLD CONTINUES TO BLEED FROM THE COMEX

As the paper price of gold falls even lower due to market manipulation, gold continues to bleed from the COMEX Warehouse stocks.  Today, another 156,310 ounces were removed from the Customer inventories.  What is even more interesting is how much gold has been removed from the COMEX since the beginning of the year. If we…

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Step Aside India, China will Buy that Gold

As the Indian Government exercises additional steps to curtail gold imports into the country, China plans to take up the slack by becoming the largest gold consumer in the world in 2013.  Already, Indian gold imports are starting to decline. According to the Bloomberg article, Gold Imports by India Seen Tumbling as Curbs Boost Titan’s…

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Russia Purchased the Majority of Gold Miner’s Production

It’s been rumored that the Russians have been purchasing the majority of their domestic gold production.  Well, according to this Mining Company’s 2012 Annual Report, the Russian Federation was the majority buyer of its domestic gold and silver production. In 2012, Russian based Polymetal International, produced 589,000 ounces of gold and 26.5 million ounces of…

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