U.s.-based Taxable Bond Mutual Funds Attract $462 Mln; Taxable Bond Etfs Attract $2.4 Bln Over Weekly Period -Lipper

U.S.-BASED TAXABLE BOND MUTUAL FUNDS ATTRACT $462 MLN; TAXABLE BOND ETFS ATTRACT $2.4 BLN OVER WEEKLY PERIOD -LIPPERThe material has been provided by InstaForex Company – www.instaforex.com

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Robots Over Roughnecks: Next Drilling Boom Might Not Add Many Jobs

The inevitable advance of technology and automation has upended industries such as car manufacturing and food processing. Now robotics is making its way into the oil fields by helping drilling activities and putting together heavy pipes. For companies, more automation would mean higher efficiency, safer operations, and ultimately, lower drilling and production costs. For oil rig workers, it would mean that part of the jobs lost during the oil price downturn would never return. Also, part of the new job openings would require a different type of…

Pedowood: The “Harvard” Of Hollywood Child Acting Schools Is An Apparent Haven For Sex Offenders, Crime

This article was originally posted at www.disobedientmedia.com
An exclusive report from Disobedient Media reveals shocking facts indicating that one of Hollywood’s most prestigious and well known child acting schools appears to be a haven for child sex…

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Canadian Oil Industry Not Threatened By Trump

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Big Oil May Not Need To Borrow To Pay Dividends For The First Time In 5 Years

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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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