Friday, 21 November 2014

Koos Jansen: The Netherlands Has Repatriated 122.5t Gold From US.

  



  Koos Jansen reports that just before Swiss Gold Referendum The Dutch Central Bank has repatriated 122.5t of Gold from US. China has cut interest rates as well today - trading in Gold will be interesting.


Infographic: Everything You Need to Know About the Swiss Gold Referendum.


Eric Sprott: Global Gold Demand Is Overwhelming Supply.


  Nobody believes that Gold can make a true reversal here. Sentiments are at total extreme. We have the capitulation in gold miners and, maybe, this is the sign of the end of this gold bear market.




Koos Jansen:


The Netherlands Has Repatriated 122.5t Gold From US

The Dutch central bank, De Nederlandsche Bank (DNB), has repatriated in utmost secret 122.5 tonnes of gold from the Federal Reserve Bank of New York (FRBNY) to its vaults in Amsterdam, The Netherlands, according to a press release from DNB published today (November 21).
DNB states it has changed allocation policy from 11 % in Amsterdam, 51 % at the FRBNY, 20 % in Canada and 18 % at the Bank Of England (BOE); to 31 % in Amsterdam, 31 % at the FRBNY, 20 % in Canada and 18 % at the BOE. According to the World Gold Council’s latest data DNB has 612.5 tonnes in official gold reserves.
The Netherlands Official Gold Reserves Allocation
Source: the WGC, DNB
Translation DNB press release:

DNB Adjusts Gold Reserves Allocation Policy

Press release, date November 21, 2014.
De Nederlandsche Bank has adjusted its allocation policy for its gold reserves. To achieve a more balanced distribution of gold over the various locationsDNB has shipped gold from the US to the Netherlands.
In the old situation 11% of the gold reserves were located in the Netherlands51% in the USwith the remainder in Canada (20%) and the UK (18%)The location distribution according to the revised policy is as follows: 31% in Amsterdam, 31in New York, while the percentages for Ottawa and London with 20 and 18  % remain unchanged.
This adjustment of DNB joins other central banks that store a larger share of their gold reserves in their own country. Next to a more balanced distribution of the gold reserves over the different locations, this can also contribute to more trust towards the public.
The distribution of gold stocks over various locations is often subjected to change. For example, in the period after the Second World War until the early seventies DNB added a lot to its gold reserves - underBretton Woods - especially in New York. Since then, more mutations occurredThe main reasons for this have been the gold sales over the past decades and the closure of the vaults of the Reserve Bank of Australia, which made DNB ship gold from Australia to the UK in 2000. 
A few weeks ago I heard a rumor that the Netherlands were repatriating some of their official gold reserves from the FRBNY. From one of my sources I even heard which security logistics company is shipping the metal, but I was kindly asked to not share this company’s name.
Last week I was approached by a financial journalist, Theo Besteman, from the biggest newspaper in The Netherlands,De Telegraaf. He asked me if I knew anything about the repatriation of Dutch gold from the FRBNY as he heard from several sources DNB was following the German central bank in repatriating gold (for the ones that are under the assumption Germany has ceased its repatriation program, please read this). I told him I heard some rumors about it and that the source was one of the big security logistics companies. He wanted to know which one, but I couldn’t tell him that. Apparently the rumors were true and Besteman did a good job finding out what was happening. The front page of De Telegraaf today: Gold Shipped In Utmost Secret.
Screen Shot 2014-11-21 at 9.17.12 AM
De Telegraaf reports that for years there have been doubts at the DNB if the Dutch gold was still in New York. After a very secret and almost military operation DNB has shipped gold from Manhattan to Amsterdam, to bring about a more balanced allocation of its gold reserves and give the Dutch citizens more confidence by storing the gold on ownsoil to guide the country, if necessary, through a following major crisis. In the previous weeks many armored trucks were seen at the DNB in Amsterdam. Quote from De Telegraaf:
It is no longer wise to keep half of our gold in one part of the world,” said a DNB spokesman on themassive operation of shipping gold bars to Amsterdam. “Maybe that was desirable during the Cold War,not now.”

Global Consequences

The impact of the Dutch gold repatriation can be huge. First of all, because it underlines more and more countries are getting nervous about their gold reserves stored in the US. Venezuela repatriated most of its reserves from abroad in 2012, the year Germany also announced a repatriation schedule from the US and France. While Germany settled with the US to ship 300 tonnes spread over 8 years, the Dutch set a new trend to insist on immediate delivery. If more counties will follow there can be a global run on gold.
Recently the Swiss people also got nervous about the Swiss National Bank (SNB) its gold policy and asked for a referendum to store all of the official gold reserves on Swiss soil. The Swiss referendum is held on November 30 and will most likely be influenced by the 123 tonnes of gold repatriated by The Netherlands.

Thursday, 20 November 2014

Infographic: Everything You Need to Know About the Swiss Gold Referendum.


Eric Sprott: Global Gold Demand Is Overwhelming Supply.


  Nobody believes that Gold can make a true reversal here. Sentiments are at total extreme. We have the capitulation in gold miners and, maybe, this is the sign of the end of this gold bear market.


Rick Rules: Capitulation In Gold And Resource Markets.


  Please pay attention one more time what Alan Greenspan has been talking about FED and Gold! These are truly remarkable revelations at this particular turning point.

Los Azules Copper: Canada's Goldcorp To Inaugurate Argentine Gold, Silver Mine In February.

  


  We have great news for Argentina mining today. As we have discussed before, the situation is changing for the better now for mining and resource sector in the country. Goldcorp is delivering its new mine on-line with 1.7 Billion investment in Argentina. After Lumina Copper was taken out by First Quantum Los Azules Copper is primed for the M&A now. 
  Our deal with McEwen Mining has cleared the title for Los Azules and our company will benefit from any new developments with this giant copper project now. TNR Gold holds 0.4% NSR Royalty on the entire Los Azules Copper project, has received 850,000 shares of McEwen Mining and will get 1% of Los Azules sale amount within 36 months. This news from Gold Corp is very significant positive development for Argentina and I am closely watching the developments with Barrick Gold and Pascua Lama now.
  Now you can better understand the potential for International Lithium J/V with Ganfeng Lithium on Mariana lithium project in Argentina. Country risk today - valuation catalyst tomorrow.

TNR Gold: Los Azules Copper And M&A in Argentina - First Quantum Minerals to Acquire Lumina Copper For $470 Million.

 "My expectations have not let me down this time. Lumina Copper is gone for 470 million. Proud people of Argentina can be expecting now the re-rating of risk and increased valuations for other mining projects respectively. My Team at TNR Gold and I will continue to write our story about Los Azules Copper M&A and Mariana Lithium project for our International Lithium.
  Los Azules Copper is the next prized asset to be talked about in the industry from today. Read more."





Please read our full legal disclaimer in our presentation and on our website: http://www.tnrgoldcorp.com/






Kitco:

Canada's Goldcorp to inaugurate Argentine gold, silver mine in February



"Buenos Aires Nov 20 (EFE).- Canada's Goldcorp will formally inaugurate its Cerro Negro gold and silver mine in Argentina in February, a project that required an investment outlay of 14.2 billion pesos $1.7 billion ) in the construction phase, officials said.
Argentine Mining Secretary Jorge Mayoral met Wednesday with Goldcorp's head of operations for Central and South America Eduardo Villacorta , to analyze final construction work at Cerro Negro, located near the town of Perito Moreno in the southern province of Santa Cruz .
The mine is expected to be formally inaugurated in February, the Mining Secretariat said in a statement.
The mine will have an operational lifespan of 23 years and a production capacity of 4,000 tons per day of gold and silver concentrate, officials said.
Goldcorp says on its Web site that Cerro Negro "poured first gold" in July of this year and that 2014 production is expected to come in at between 130,000 and 180,000 gold ounces.
Cerro Negro is the second investment foray into Argentina by the Vancouver -based miner, which also has a 37.5 percent stake in the Alumbrera copper project in that South American country's northwestern region. EFE Kitco."

Elon Musk Interview: World Needs Hundreds of Gigafactories.



  Elon Musk talks about the Gigafactory and incredible numbers behind his vision: "Everything will be fully electric, except for Rockets!" In China his vision can be the only way forward with personal mobility due to the terrible level of air pollution.

Lithium Drive: China's Electric Vehicle Output Grows Fivefold.



  "China continues to build its new strategic industry - Electric Cars and now we can see the first results.  International Lithium is well positioned to participate in this macro trend in China with its strategic partner Ganfeng Lithium."



International Lithium: Kirill Klip - Q And A From ILC On Our Strategic Partnership With Ganfeng Lithium.






China Rolls Out Welcome Mat for Electric Cars: Ganfeng Lithium Partners with International Lithium in Argentina and Ireland.


“Ganfeng has an army of lithium-focused geologists who looked at projects in every corner of the planet,” stated ILC president Kirill Klip in an exclusive interview, “but they chose ILC to do business with. This is a big de-risking factor for our current and future shareholders. The Chinese do their homework. They believe in the geology of our assets, our management and our development strategy.” Read more.



Tuesday, 18 November 2014

Eric Sprott: Global Gold Demand Is Overwhelming Supply.


  
  Nobody believes that Gold can make a true reversal here. Sentiments are at total extreme. We have the capitulation in gold miners and, maybe, this is the sign of the end of this gold bear market.




Rick Rules: Capitulation In Gold And Resource Markets.



 Rick Rules gives us the very good description of the Capitulation in the Gold and Resource markets. By my personal observations we just had it in place. Rick outlines the big picture for Resources Sector perfectly. This is why I am personally in this business. Real assets will be needed, particularly if and when  we will have the growing world-wide economy. We can discuss all these details all time long and it will never matter before Mr Market will turn - maybe it is happening now.
  Please pay attention one more time what Alan Greenspan has been talking about FED and Gold! These are truly remarkable revelations at this particular turning point.
  We are moving forward with our companies: TNR Gold and International Lithium and advancing our projects. International Lithium enjoys two active J/V programs with Ganfeng Lithium, which is expanding their vertically integrated Lithium business in China now. In TNR Gold we have just concluded the major deal with McEwen Mining. Now TNR Gold holds NSR Royalty in "One of the World's largest undeveloped Copper deposits" - according to McEwen Mining, which is now for sale with clear title. TNR Gold has received shares in McEwen Mining and will get 1% of Los Azules copper project sale if it is done within next 36 months. This is the very nice addition to all our other assets: International Lithium 25.5% stake and 100% in Shotgun Gold deposit. Watch the video."


Gold and Commodities: What Is next - Major Reversal Or Another Bloodbath?



  We had a small party this Friday with Gold short covering in a full action. Will this Reversal hold to its promise now? All hope was lost for the Gold bugs and all miners were obliterated in capitulation last week. This is when the bottoms are formed. No buyers and everybody who can has already sold. Last few weeks we had no bids in any junior miners and if any volume came in it was sold at any price. It is The Capitulation. I have seen it before and not a lot of people out of our industry can believe it, but we have hit even the lower low than in the middle of financial Panic in 2008 in our sector!
  Nobody knows the future and I am not a trader any more. I have to stick with my companies moving forward, building up the assets even when nobody cares any more. But when the turn-around comes the move from insanity Low to another side is the most dramatic of all as well. You just have to stay in one piece before it. Have we reached this level?
  The chart above could be the answer. Everybody is Bullish on US Dollar and Markets. Everybody is Bearish on Gold and Miners. Sentiments are at the total extremes.  Fundamentals are supporting much higher Gold, Silver and Copper prices. The most important: smart money - Industry Insiders are buying the best assets now.
  Please notice the fist Candle when USD started this rally in May 2014, the move was dramatic and uninterrupted. Now we have the Reversal Candle just formed. What will bring the downward pressure on US Dollar now? I do not know, but Nothing grows up into the Sky. Strong US Dollar means that Deflation can become the reality. Who will risk it now? We will see very soon and the next week will be very important. The real short squeeze has not even started yet. 
  Alan Greenspan talking about Gold as Premier CurrencyCharles Nenner calling the cycle bottom and China buying record amount of Gold could be the signs of the tide coming up now to the gold market.
  You can find my previous posts links to showcase my Big Picture view on this blog and I will remind you about our assets in International Lithium and TNR Gold, as usual. Read more."


TNR Gold Receives Royalty From McEwen Mining On "One Of The Largest Undeveloped Copper Projects".


Please read our full legal disclaimer in our presentation and on our website: http://www.tnrgoldcorp.com/






International Lithium: Kirill Klip - Q And A From ILC On Our Strategic Partnership With Ganfeng Lithium.




China Rolls Out Welcome Mat for Electric Cars: Ganfeng Lithium Partners with International Lithium in Argentina and Ireland.


“Ganfeng has an army of lithium-focused geologists who looked at projects in every corner of the planet,” stated ILC president Kirill Klip in an exclusive interview, “but they chose ILC to do business with. This is a big de-risking factor for our current and future shareholders. The Chinese do their homework. They believe in the geology of our assets, our management and our development strategy.” Read more.


Monday, 17 November 2014

ECB Could Buy Gold To Revive Economy.

   



  We can have ECB joining China and Russia buying Gold now! Alan Greenspan's ideas about Gold are getting more popular now. Swiss Gold Referendum can bring SNB into the gold market as well for 1,500 t.

Bloomberg: 1,500 Tons Of Gold On The Line In Swiss Vote To Buy Back Bullion.


 "The story about Swiss Gold Referendum has made its way up to the Bloomberg. Now everything depends on the people of Switzerland, but at least we will have the opportunity for the proper discussion about the FIAT Currency systems and Gold. China is not only buying record amounts of gold now, but taking out the best long term mining assets all over the globe. Read more."

TNR Gold Los Azules Copper M&A: Barrick In Talks With Chinese Miner Zijin On Pascua-Lama Investment.



Grant Williams: All You Need To Know About Swiss Gold Referendum.


Great presentation from Grant Williams on this groundbreaking event for the Switzerland and the Gold market! We are close to the very important catalyst point for the Gold market now.



Rick Rules: Capitulation In Gold And Resource Markets.


 "Rick Rules gives us the very good description of the Capitulation in the Gold and Resource markets. By my personal observations we just had it in place. Rick outlines the big picture for Resources Sector perfectly. This is why I am personally in this business. Real assets will be needed, particularly if and when  we will have the growing world-wide economy. We can discuss all these details all time long and it will never matter before Mr Market will turn - maybe it is happening now.
  Please pay attention one more time what Alan Greenspan has been talking about FED and Gold! These are truly remarkable revelations at this particular turning point. Read more."


The Telegraph:

ECB Could Buy Gold To Revive Economy.


Declining economic data may "theoretically" leave the door open for the European Central Bank to buy assets including gold and shares
Gold, shares, and exchange-traded funds (ETFs) - the European Central Bank (ECB) may turn to buying any or all of these in an attempt to boost inflation in the currency bloc.
Yves Mersch, a member of the ECB’s executive board, said that the purchase of these assets was “theoretically” an option for the central bank, which earlier this year resolved to “take further unconventional measures to counteract a length period of lower inflation”.
His speech, delivered in German, came as official statistics published on Friday showed inflation of just 0.4pc in the year to October.
Very low levels of inflation were characterised by Mr Mersch as “abnormally low”, as price growth remained well below the ECB’s target of close to 2pc.
The official said that while there was scope to buy such assets, the ECB is about to embark on a programme of asset-backed securities purchases.
“Every purchase of a security - or precious metal or foreign currency - naturally increases the credit risk of the buyer”, he added, noting that the ECB may lack a mandate to increase the risk of its balance sheet.
Mr Mersch, a Luxembourgian, is often seen as leaning towards the position of the ECB’s German members - hesitant to pursue monetary stimulus in an attempt to revive the eurozone.
The euro area as a whole has just managed to dodge a triple-dip recession according to data published on Friday, posting growth of 0.2pc in the third quarter of the year.
While the economic data has worsened, so has the mood of forecasters. On Thursday an ECB poll of professional economists showed that inflation and and growth are expected to remain weak. The Telegraph."

Saturday, 15 November 2014

Battle With Pollution: Volkswagen Says To Launch Over 20 Electric Vehicle Models In China.


  "Volkswagen AG said on Tuesday, it would launch more than 20 models of battery-driven cars in China over the next few years. Jochem Heizmann, head of Volkswagen Group China, said, "In the near future, Volkswagen will be offering Chinese drivers over 20 NEVs, from small cars to large-sized SUVs, from plug-in hybrids to pure electric cars." Volkswagen has previously said it plans to introduce into China more than 15 electric or plug-in hybrid cars for Volkswagen and other brands it owns by 2018, many of which will be locally produced."


  News about the terrible air pollution in China are all over the headlines. Chinese government is taking this matter very seriously and has announced the war on pollution. VW Group is moving forward to capitalise on this trend now. And we can see the first results in the China's government support for the strategic industry - electric cars.

  

Lithium Drive: China's Electric Vehicle Output Grows Fivefold.



  China continues to build its new strategic industry - Electric Cars and now we can see the first results.  International Lithium is well positioned to participate in this macro trend in China with its strategic partner Ganfeng Lithium.

"According to the World Bankair pollution costs China as much as $300-billion a year in health problems and productivity losses.

In response, the Chinese central government just announced a slate of pro-electric car policies, including slashing charging station rates by 30%. Navigant Research predicts that global lithium ion battery sales will increase 400% by 2023.
A Canadian company is strategically positioned to benefit from this macro-trend. Read more."


International Lithium Corp. and Ganfeng Lithium Finalize Joint Venture on Mariana Lithium Brine Project, Argentina.






China Rolls Out Welcome Mat for Electric Cars: Ganfeng Lithium Partners with International Lithium in Argentina and Ireland.



“Ganfeng has an army of lithium-focused geologists who looked at projects in every corner of the planet,” stated ILC president Kirill Klip in an exclusive interview, “but they chose ILC to do business with. This is a big de-risking factor for our current and future shareholders. The Chinese do their homework. They believe in the geology of our assets, our management and our development strategy.” Read more.



International Lithium And Ganfeng Lithium: Avalonia Lithium Project, Ireland.