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China, PMI and gold and silver price issues - YouTube
Channel: Illuminati Silver
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welcome to Illuminati silver we tell you
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the truth about silver today is Monday
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the second of May 2016 and we're
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addressing the issue of china PMI and
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gold and silver price issues with gold
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prices up twenty-two percent since the
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first of January and silver up
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twenty-nine percent in u.s. dollar terms
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many people are asking why and is this
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trend set to continue while a number of
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factors have affected these prices not
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least of these have been the feds rather
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dovish approach to interest rates
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thereby causing the dollar index to
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decline from 99.6 to its current 93
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level zero or negative interest rates in
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many nations throughout the world
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including Europe and Asia ensuring
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precious metals becoming more attractive
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for investors and an acceptance that
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they're significant for from their 2011
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highs may in fact have been overdone one
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of the main concerns has been global
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economic decline not least the slowdown
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the Chinese economy resulting in their
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lowering of GDP forecasts to below seven
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percent many economies success future
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trends based on a number of factors
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including GDP p.m. eyes purchasing
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managers index have also proven to be a
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significant and frequently accurate
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forward-looking indicator of commodity
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prices and economic activity JP Morgan
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or only last week admitted in its
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morning note that quotes stocks are
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taking their cues from the monthly PMI
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sand quote the manufacturing surveys in
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particular
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as opposed to GDP China's March PMI
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reading at 49.7 was not only at its
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highest since februari 2015 but it also
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crossed above its three-month moving
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average a bullish signal however earlier
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yesterday it was announced that the
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official Purchasing Managers Index rose
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to 50.1 in April but barely above the
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50-point mark that separates expansion
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in activity from contraction analysts
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polled by reuters had predicted the
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reading would improve to 50.4 after
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upbeat March data fueled hopes that the
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country's prolonged economic slowdown
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was easing according to to how senior
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emerging market economists at comed
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spank in Singapore quote the findings
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were a little disappointing to some
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extent this hints that recent China
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enthusiasm has been a bit overpriced and
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the data improvement in March is
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short-lived and could indeed South Korea
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reported April demand from China was the
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worst in three months with exports to
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its biggest market tumbling 18.4 percent
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on-year and China's factories continued
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to shed workers with staff cuts
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quickening from the previous month the
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property recovery appears to have
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spurred demand for building materials
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from cement and glass to steal and a
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recent rebounding commodity prices is
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bringing in more cash flow for some
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companies to service their mountains of
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debt however home sales are now falling
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in some large cities such as Shanghai as
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authorities tried to curb rapid pricing
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Rises and previously buoyant steel and
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iron all markets cooled
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last week after Chinese securities
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regulators ordered commodity futures
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exchanges to control speculative trading
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analysts also worried that recent signs
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of improvement may be largely driven by
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companies and local government taking on
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more debt putting the chances of a
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stable recovery at risk China's big five
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banks reported last week that they're
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bad loans had increased by 50 3.2
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billion yuan or 8.2 1 billion dollars in
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the first quarter on the other side of
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the coin however consumer confidence
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appears to be increasing as a result of
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recent house price rises China's
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appetite for metals gold silver copper
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iron ore and more has also been growing
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especially compared to last year another
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sign that its economy may be rebounding
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china is the world's largest importer
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consumer and producer of gold last year
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physical delivery from the shanghai gold
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exchange reached a record number of tons
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more than ninety percent of total global
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output for 2015 meanwhile the People's
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Bank of China continues to add to its
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reserves nearly every month and is now
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the sixth largest holding of gold
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according to the world gold council
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despite China's declared holding of 1788
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tons of gold it still only amounts to
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2.2 percent of its total foreign
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reserves a tiny amount and much less
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than that held by other world
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superpowers this can only lead to one
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course of action further demand this is
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further supported by its introducing a
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new fixed price for gold one that is
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denominated in Chinese remain
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me or you on the Shanghai fixed price is
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designed to give China especially over
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time a greater say in the world price of
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gold copper demand too has increased in
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China in fact it has been reported some
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thirty nine percent more in march
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compared with the previous year cakes in
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reports the china's iron ore imports are
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surging on lower prices in the first two
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months of 2016 the country purchased
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eighty-six percent more iron than it
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needs what's more total imports were up
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eighty-four percent from the same time
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last year steel production which
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requires iron ore is likewise rising
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output is currently at 70 point 65
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million tons an increase of nearly three
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percent year-over-year a recent article
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on Zero Hedge has indicated that China
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has been growing its silver inventories
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quite substantially for the past six
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months this month as of april nineteen
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the shanghai futures exchange added a
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massive 1706 tonnes which is a four
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hundred fifty two percent increase from
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the amount it added in april 2015
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shanghai silvered inventories are now at
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the highest level ever it is rumored
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that the proposed growth in solar panels
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is the prime reason for this demand
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something which India too is concerned
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over and we'll begin to acquire larger
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silver volumes bank loans in China have
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spiked dramatically this year while
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money supply has grown more than
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thirteen percent year-over-year which is
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good for metals and manufacturing the
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increase in metals demand not to mention
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the weakening of the US dollar has
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allowed silver to become the top
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performing commodity of 2016 after
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recently overtaking gold so what are we
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all to make of this well there is no
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doubt the char
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has been on a buying spree of precious
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and industrial metals the PMI support
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the reasons for this though in some
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quarters it is felt that perhaps the
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acquisitions have been overdone it is
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our contention from our contacts that
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overdone or not China is very much aware
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of silver supply conditions and its own
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need to increase gold holdings against
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its reserve levels for these reasons we
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see their demand continuing to increase
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yet further thereby supporting recent
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price rises we also see some of the
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speculative froth coming out of the
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paper markets and perhaps some price for
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backs in the summer months however that
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said we could very well see gold rise
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above thirteen hundred dollars and
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silver above $18 to 1850 in the interim
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and at these levels significant
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resistance will be met nevertheless
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pullbacks we believe later in the air
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will give purchases another opportunity
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to purchase these metals at lower prices
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but onward looking can see that 2015 may
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indeed have provided the lows and that a
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new paradigm is beginning to emerge we
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hope you have found this video
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silver disclaimer illuminati silver
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donors come from a background of banking
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international wealth management and
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economics having now retired from these
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worlds we're not qualified to give
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investment advice
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therefore this and other productions
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must not be deemed to be giving such
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advice and merely represent the personal
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views of its owners
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