You are here
Jan Skoyles: Taking the blinkers off the gold analysts
8:25a ET Saturday, June 22, 2013
Dear Friend of GATA and Gold:
In her new commentary, "Taking the Blinkers Off the Gold Analysts," Jan Skoyles of The Real Asset Co. in London contrasts the gold markets of the West and East -- the West being mainly paper and the East being mainly real metal.
Skoyles concludes:
"On Comex total gold delivered didn't even meet 10 percent of global gold production, while delivery from the Shanghai Gold Exchange was nearly 100 percent of total world gold mining production. ... Global physical gold demand is now likely to have surpassed total supply for this year -- all driven by that ignored part of the world. ...
"Gold prices set in major Western markets may be in retreat, but dampened demand is certainly not omnipresent across the globe. The pace of increasing premiums in Asia means physical gold prices are booming while physical gold cannot be delivered quick enough. There is only so much time left before the paper gold bugs can no longer keep the price down and geographically blinkered analysts have to open their eyes."
Skoyles' analysis is headlined "Taking the Blinkers Off the Gold Analysts" and it's posted at The Real Asset Co.'s Internet site here:
http://therealasset.co.uk/blinkers-off-gold-experts/
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Fred Goldstein and Tim Murphy open All Pro Gold
All-Pro Gold, run by long-time GATA supporters Fred Goldstein and Tim Murphy, offers its services to GATA supporters and anyone else interested in precious metals. The company brokers a full line of precious metals and numismatic coins. It aims to inform prospective clients about the importance of the monetary metals as part of a diversified financial portfolio and to keep prospective clients current with market trends. All-Pro Gold has competitive pricing and ships promptly to clients so they may have physical possession. Learn more by e-mailing Fred@allprogold.com or Tim@allprogold.com or telephone 1-855-377-4653 or visit www.allprogold.com.
Join GATA here:
Liberty Mastermind Symposium
Double Tree Hotel, Dallas-Fort Worth Airport
Friday-Saturday, June 28-29, 2013
http://www.libertymastermind.us/
* * *
Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:
http://www.goldrush21.com/order.html
Or by purchasing a colorful GATA T-shirt:
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://gata.org/node/wallstreetjournal
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
