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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: bull_dozer who wrote (203946)1/18/2024 4:43:37 PM
From: bull_dozer  Respond to of 218708
 
>> the f*cking f*cks are tightening the grip? <G>

China's Gold Market in 2023: Demand improved and premiums rose

  • China’s economic recovery in 2023 was not a smooth sail and consumers remained cautious in spending
  • While the performance of major local assets disappointed, the Shanghai Gold Benchmark Price PM (SHAUPM) in RMB, surged by 17% in 2023
  • Gold withdrawals from the Shanghai Gold Exchange (SGE) totalled 1,687t in 2023, 7% higher y/y
  • Chinese gold ETFs attracted RMB5bn (+US$654mn) in 2023 and their total asset under management (AUM) rose to RMB29bn (US$4bn), the highest ever. Holdings increased by 10t to 62t
  • The People’s Bank of China (PBoC) has reported non-stop gold purchases in 2023, lifting their gold reserves by 225t to 2,235t by the year end
  • As a result of robust gold demand, stable production and falling imports after late 2022, the local gold price premium jumped to unseen levels in 2023

gold.org



To: bull_dozer who wrote (203946)1/18/2024 6:48:43 PM
From: TobagoJack  Respond to of 218708
 
Re <<silver>> ... been selling AG puts at strikes 4.0, 4.5, and 5.0 going out between February - April, and advising the Mrs to buy AG outright (she cannot trade options other than bank-done structured products that tend to be not-really-liquid).

Should there be a crash of the general market sending AG way low, then buy buy buy calls.

Hope to go travelling Sunday or Monday for biz, and should events pan out, watch out at the silver option trading desk. I want silver, lots and lots of silver, and extra collateral would be handy.

Re <<ring>>

good question, the 'all or nothing' / tout ou rein ring has been napping in my backpack, and just now on finger.

Going to a noon wedding registration and celebration lunch today and must be decorative even as am now dressed in shirt without tie, shall be in blazer to go with the khaki pants. IOW, nothing too fancy.

Friends shall understand on this nice Friday. The groom is the guy who did bitcoin-all-in back in 2019 November and now has a huge silver wager. Life has been very good to him.

I am not going to watch another trade up close and keep watching.



To: bull_dozer who wrote (203946)1/21/2024 9:41:20 PM
From: bull_dozer  Read Replies (2) | Respond to of 218708
 
>> the f*cking f*cks are tightening the grip? <G>