Dollar MELT

Beginning of the Year.


GOLD WAREHOUSE RESEVERS ABOVE FROM


is the dollar melting being manipulated


is gold melting

are the markets. GNS+R

http://winteractionables.com/?p=6167

India’s disastrous attempt to restrict gold imports has crushed the country’s jewelry trade. India’s gold imports crashed 95% in August to just 2.5 tonnes from month before. That’s unsustainable. Additionally, prices in India are $35 above London spot. The government convened a high level meeting during which it heard from jewelers. I speculate that the heavy handed restrictions on gold will soon be removed.

Russia’s central bank picked up the pace of its gold buying and added 408,948 oz. in August. Russia has been adding an average of 200,000 oz. to 300,000 oz. per month.
The GLD continues to witness a gradual withdrawal of gold amounting to about 500,000 ounces since Aug. 1. Roughly a third of GLD’s gold was redeemed since the beginning of the year.