Koos Jansen
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Koos Jansen
Posted on 8 Apr 2014 by

Chinese Gold Demand 559 MT YTD, Up 22 %

In week 13 (24-03-2014/28-03-2014) 36 metric tonnes of gold were withdrawn from the vaults of the Shanghai Gold Exchange. This is the fourth week in a row withdrawals are below the weekly average year to date, which is currently is 43 metric tonnes. Chinese physical demand is dropping from extremely high at the beginning of this year to high in recent weeks. The weekly average of the last four weeks was 35 metric tonnes.

An “at the back of an envelope” calculation: weekly domestic mining is 8.3 tonnes, scrap can’t be more than 5 tonnes (a high estimate), which leaves 21.7 tonnes to be imported per week at recent demand (35 – 8.3 – 5 = 22.7). The year to date weekly average, 43 tonnes, would require to import 29.7 tonnes per week.

That’s it for now, I’m writing a bigger piece on the Chinese gold market in respons to recently published analyzes by Alasdair Macleod, Zero Hedge and Monetary Metals. Stay tuned.


Overview Shanghai Gold Exchange data 2014 week 13

– 36 metric tonnes withdrawn in week 13 (24-03-2014/28-03-2014)

– w/w + 0.66 %

– 559 metric tonnes withdrawn year to date

My research indicates that SGE withdrawals equal Chinese wholesale gold demand. For more information read this

SGE withdrawals 2014 week 13

This is a screen shot from the weekly Chinese SGE trade report; the second number from the left (blue – 本周交割量) is weekly gold withdrawn from the vaults in Kg, the second number from the right (green – 累计交割量) is the total YTD.

SGE withdrawals week 13 2014

This chart shows SGE gold premiums based on data from the SGE weekly reports (it’s the difference between the SGE gold price in yuan and the international gold price in yuan). It seems as if the change of the premiums on the SGE are the inverse of the direction of the price of gold.

SGE premiums

Below is a screen shot of the premium section of the SGE weekly report; the first column is the date, the third is the international gold price in yuan, the fourth is the SGE price in yuan, and the last is the difference.

SGE premiums

Koos Jansen
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  • Divine Cosmos


    So far, we’ve seen that the Federal Reserve secretly created 26
    trillion dollars, without US government approval. This adds up to nearly
    a quarter million dollars per household in America.

    This money was then handed out to financial institutions like Goldman
    Sachs, Citigroup, Bank of America, JP Morgan Chase, Morgan Stanley, the
    Royal Bank of Scotland and Deutsche Bank.

    While I was conducting this investigation in mid-December, it felt
    very surreal to see mainstream media journalists say the entire bailout
    added up to nothing more than 1.2 trillion dollars. Then they tried to
    say “this is what a central bank is supposed to do.”


    Add up the emergency loans the Federal Reserve distributed to banks
    between 2007 and 2009 — when the American economy lurched closer to
    collapse than anyone had previously thought possible — and it’s an
    impressive picture.

    On Friday, Bloomberg News made available the fullest version yet of its data on Fed emergency lending,
    a subject the news organization has written about numerous times in the
    past year. The Bloomberg release includes records of about 50,000
    transactions the Fed made through seven different financial mechanisms.

    At their peak, these seven programs represented $1.2 trillion in loans to banks and financial institutions —
    the high-water mark of a massive, systemic bailout whose details the
    country’s central banking authority has not always seemed eager to

    Even as critics have accused the Fed of being less than forthcoming, few people claim that the central bank did the wrong thing by stepping in to backstop a financial system that seemed to be on the verge of imploding.

    “In the middle of the financial crisis, this is what you need. This is what a central bank is supposed to do,” said James Wilcox, a professor at the Haas School of Business at the University of California, Berkeley.

    Wilcox compared the financial crisis to a forest fire — except, he
    said, “forest fires are more predictable in the path they’re going to


    Again, the Federal Reserve is a private corporation that prints money
    for the United States. The US then pays interest for the rights to use
    these “Federal Reserve Notes.”

    The Federal Reserve secretly handed out 26 trillion dollars in
    bailout money between 2007 and 2010. The top four bailed-out banks are
    now doing 95.9 percent of all the gambling. Their total risk adds up to 600 trillion dollars – ten times more than all the money in the world.

    At this point, it may seem that all we have to do is dismantle the
    Federal Reserve, let the US Treasury print its own money, back up
    everyone’s bank accounts for 275 billion dollars, and then allow a
    handful of “too big to fail” financial institutions to collapse — and
    be restructured in smaller pieces.

    However, we now have scientific proof that this problem goes much
    deeper than just the Federal Reserve and a few of their closest banking

    Instead, the Federal Reserve appears to be at the epicenter
    of a vast “interlocking directorate” of companies that may earn up to 80
    percent of all the world’s wealth.

    This, of course, makes it a lot more complicated to clean things up –
    but I do still believe it can be done, or else I wouldn’t have
    conducted this investigation.


    The Swiss scientists quickly found a total of 43,060 trans-national corporations in the Orbis 2007 database.

    From this group, Glattfelder’s team revealed that a ‘core’ of 1,318
    companies directly controlled 20 percent of the world’s wealth.

    However, these corporations also appeared to own and control the
    stock in a majority of the world’s largest companies — whose profits
    added up to an additional 60 percent of global revenues:


    Although they represented 20 per cent of global operating revenues,
    the 1318 [corporations] appeared to collectively own, through their
    shares, the majority of the world’s large blue chip and manufacturing firms — the “real” economy — representing a further 60 per cent of global revenues….

    [This] core of 1318 companies [had] interlocking ownerships. Each of the 1318 had ties to two or more other companies, and on average they were connected to 20 [other corporations].


    If that isn’t surprising enough for you, then how about this?

    Glattfelder’s team then crunched the numbers even harder – and found a
    very deeply hidden “super-entity” of only 147 corporations – and “much
    of it” was connected to the 1,318-company ‘core’.

    These 147 companies were all interconnected with each other in an
    “even more tightly knit” pattern than the 1,318 corporations in the
    ‘core’. To put it simply, they all owned each other’s companies.

    [Specifically, each company within the “super-entity” owned shares in all 146 others.]

    Together, this super-elite, good-old-boys-club of 147 companies directly earns a whopping 40 percent of all the wealth in the world:


    When the team further untangled the web of ownership, it found much of it tracked back to a “super-entity” of 147 even more tightly knit companies —
    all of their ownership was held by other members of the super-entity —
    that controlled 40 per cent of the total wealth in the network.

    Without the advanced technology of supercomputers and chaos theory,
    no one would have been able to discover this. History has caught up to
    the Powers that Were.


    Next question: What kind of companies do you think these top 147
    corporations are? Remember – they control a staggering 40 percent of the
    world’s wealth.

    As it says on page 6 of the paper, 75 percent of the corporations within the “super-entity” were financial institutions.

    The top 20 financial institutions within the “super-entity” should sound pretty familiar to you by now.

    They include Barclays Bank, JP Morgan Chase & Co., Merrill Lynch, UBS, Bank of New York, Deutsche Bank and Goldman Sachs.


  • Kobajashi

    Looking forward for your bigger piece

    • Lydia Teapott

      I was reading zerohedge today, and was perusing the comments as I am prone to do and stumbled across this little repartee.

      The Story was interesting in the survey results, in that the further
      of the mark respondents to the survey were regarding the Ukraines’
      location on the map, the more they felt direct military intervention was


      Anyway, my real interest was found in the comments following the article, which oft times is the case.

      The Story

      Where’s Ukraine?

      Submitted by Tyler Durden on 04/08/2014 13:38 -0400

      link http://www.zerohedge.com/news/2014-04-08/wheres-ukraine?page=5

      Credits to Tyler Durden,

      Thank You.


      The Comments

      Excerpts below;


      ZH reader MeBizarro writes;

      “Most polls that ask Americans state that anywhere from 20-30%
      believe in the geocentric theory (Sun rotates around the earth) and in
      general you can always get at least 20% of Americans to positively
      respond to the most b@tshit crazy ideas. Amount of Americans who also
      believe in the literal story of Genesis is really high too (20-50%
      depending upon how the question is asked).

      Just a lot of incredibly ignorant Americans (usually older and
      usually religious) in the US that is larger that most other
      industrialized countries.”


      ZH reader Boxed Merlot writes;

      “believe in the literal story of Genesis is really high too…a lot
      of incredibly ignorant Americans (usually older and usually

      Count me guilty. If literal you mean it is recorded in a literary
      fashion and explains in a rational, coherent and reasonable way that a
      self-existent being is responsible for my being in an orderly, rational
      and reasonably comfortable and equipped environment for a period of time
      of which said being is impervious to, as time itself is nothing more
      than a creation in that it exists because matter is in motion, then
      yeah, I’ll subscribe to such a notion.

      It makes more sense than my being the result of an infinitesimal,
      impersonal and nondescript point of singularity containing the entirety
      of the universe having decided on its own and for no apparent reason to
      “explode” “into” “being”. If ever there was nothing, then rationally,
      there would still be nothing. Fact is, “nothing” cannot even be
      fathomed, because it will at that point then become “something”. A
      Self-existent Being is the only option that does no violence to reason.



      ZH reader Tall Tom writes;

      I will concur that the Universe is designed* because the Mathematical
      Odds are many trillions of times so absurdly** against a Chance
      Occurence. However the literal understanding of the allegorical story
      presented in Genesis confounds those whom believe themselves to be

      Of course the ones whom declare that there is no designer and that
      the Universe is a result of random chance are wagering upon a number so
      small that it approaches the concept of an infinitesimal. It takes a lot
      of blind faith to believe that. That faith just smacks of the Religion
      which they, the atheist, despise and then they totally dismiss the
      Empirical Evidence.

      They refuse to read or understand Roger Penrose, a renowned Cambridge
      University Physicist, one of the most brilliant minds of the 20th

      Your understanding of dimensionality and mass seems wanting. It is
      not due to motion that time or space exist (as photons are in motion and
      do not experience time nor space) but it is a direct consequence of
      Energy being slowed down from Light Speed. Think of the Lorentzian
      Equations backwards. Instead of approching Light Speed think of Energy
      leaving Light Speed and slowing.

      Imagine yourself as a photon where there is no time and space is non
      existent in the direction of travel. Then slow down from Light Speed and
      then the following Loentzian Special Relativistic Definitions manifest.
      One gains Mass, spatial dimension in the direction of travel and it
      takes time to transverse that space.

      m = mo(1 – v2/c2)-1/2 at v = c, then m is infinite…undefined

      t = to(1 – v2/c2)1/2 at v = c, then t = 0 or does not transpire

      x = xo(1 – v2/c2)1/2 at v = c then x = 0 or it is non existent.

      Now think about this for a Mind Blower…God is the Light and in Him there is no darkness.

      This statement demonstrates ominpotence, omnipresence, and
      omniscience. Because Light travels no distance and it takes absolutely
      no time to arrive (relative to the Light) then a Light Being can be
      everywhere at once. Being everywhere at once gives that being knowlege
      of all that is to happen. And since evrything is energy, because of the
      Mass-Energy EQUIVALENCE statement, E = mc2, then the Light Being has all

      And Two Thousand Years ago that definition of God was written by
      “people” without any knowledge of Special Relativity. Must of been just
      “Dumb Luck”…

      *thus one must infer a Designer

      **That implies the utilization of the Engineer’s Definition of absurdity, 10-50


      ZH reader css1971 writes;

      “Tell you what.

      Take 100 pennies, shake them around and toss them on a table. Take
      all the heads to the side. Take the remaining tails pennies, shake them
      and around and toss them again. Again put all the heads to the side.
      Repeat until all your pennies are used up. How many repeats did it need?

      You now have 100 pennies where all of them fell heads up. Every single one of them. What is the probability of that happening?

      People don’t understand probability.

      And finally, since you’re being recursive. Who created god anyway?”


      ZH reader Tall Tom writes;

      Seven to eight times will be sufficient for your 100 Penny flip..

      From Roger Penrose, The Emperor’s New Mind, 1989…

      This now tells how precise the Creator’s aim must have been,
      namely to an accuracy of one part in 1010123. This is an extraordinary
      figure. One could not possibly even write the number down in full in the
      ordinary denary notation: it would be 1 followed by 10123 successive
      0’s. Even if we were to write a 0 on each separate proton and on each
      separate neutron in the entire universe- and we could throw in all the
      other particles for good measure- we should fall far short of writing
      down the figure needed.

      How many times does 1050 divide into 1010123? 10-50 is an ABSURDITY.

      Those are the odds of a Chance Manifestation…You are so correct. People do not understand probability…LIKE YOU.

      You can choose to deny the Empirical Evidence. Of course it serves to
      demonstrate your lack of rationality as I postulated in my intial

      Kudos ZH readers.


      foggy writes “Bingo” and this is where Science led me in my pursuit for God.

      Now take the holy scriptures the Bible, and study and learn some of
      the amazing truths that have been discovered about the mathematical
      structures embedded in the original Greek and Hebrew texts.

      Further, roughly thirty percent of the Bible is prophetic, telling
      events before they have occurred, with a hundred percent success rate.

      “Behold, the former things are come to pass, and new things do I declare: before they spring forth I tell you of them.”

      Isa 42:9


      You too may conclude the preponderance of evidence is actually in favour of a Divine Creator.

      I pray you at least find out the evidence that is available, Dr.
      Chuck Missler a Phd. in Information Sciences, has done some really
      advanced investigation into the Bible, You tube his name and find out
      for yourself.

      The Physics brought to bear on the study of the Bible is worth the
      price of admission, let alone truly fine expositional work Dr. Missler
      brings to the table.

      Kudos Chuck.


      I long ago realized, that time is directly related to ones vantage point.

      In my understanding, depending on where you are located, and if you
      have the ability to move anywhere you want in the universe, all ‘time’
      can be occurring at the same time, the past, the present, the future,
      all at the same instant.

      Let me see if I can explain, with this thought experiment.

      I came to this realization by pondering light coming from stars, it
      takes light years for light from the far reaches of the universe to
      enter our eyes so we can see it.

      If the star we are looking at is 6000 light years away, when we view
      that light in our eyes it is 6000 years old, that star that emitted the
      light may no longer even exist.

      Think about that, now think about the light passing the earth going
      on out to another distant celestial body someone else happens to be
      standing on.

      It could take years for the light to enter into that persons eye so that they can see it.

      How long depends on how far that celestial body is from the earth, if
      it is 6000 light years away, it won’t be seen by somebody until 6000
      years have past on earth.

      Ok now suppose I can be anywhere in the universe I want free of any
      speed restraints, I have a wormhole map lets say, or I am just able to
      think myself anywhere, and snap my fingers and be there.

      Well in that case, If I am 6000 light years closer to our light
      emitting star, I have traveled back in ‘time’, or if I am 6000 light
      years closer to our friendly observer on his star, say standing beside
      him, I have traveled forward 6000 years in time.

      Now if I could be outside the Universe, say in a different dimension,
      or at a point where I could view the three separate locations the
      emitting star, the earth and the far away where our observer is
      standing, all at once.

      Then I would be outside the dimension of Time, I could contend that
      ‘all time’ is happening at the exact same instant, or all at once, the
      Past the Present, the Future, now.


      This I believe is where God’s throne is located.

      The Alpha and the Omega, the Beginning and the End, he who Was and Is
      and Is to come, the Father of Light, YHWH, El Shaddai, the Almighty


      Behold, the Lord GOD will come with strong hand, and his arm shall rule for him: behold, his reward is with him, and his work before him.

      He shall feed his flock like a shepherd: he shall gather the lambs with his arm, and carry them in his bosom, and shall gently lead those that are with young.

      Who hath measured the waters in the hollow of his hand, and meted out
      heaven with the span, and comprehended the dust of the earth in a
      measure, and weighed the mountains in scales, and the hills in a

      Who hath directed the Spirit of the LORD, or being his counseller hath taught him?

      With whom took he counsel, and who instructed him, and taught him in the path of judgment, and taught him knowledge, and shewed to him the way of understanding?

      Behold, the nations are as a drop of a bucket, and are counted as the small dust of the balance: behold, he taketh up the isles as a very little thing.

      Isa 40: 10-15


      Chuck and Nancy Missler, what fine stewards of God’s inspired Word
      they are, they are gifted believers and have taught me so much.

      God’s Peace and abundant Grace to All.

    • Ruiy

      All persons born or naturalized in the United States, and subject to
      the jurisdiction thereof, are citizens of the United States and of the
      state wherein they reside. No state shall make or enforce any law which
      shall abridge the privileges or immunities of citizens of the United
      States; nor shall any state deprive any person of life, liberty, or
      property, without due process of law; nor deny to any person within its
      jurisdiction the equal protection of the laws.

      2 things are REQUIRED to be a US Citizen.

      All persons born or naturalized in the United States, and subject to
      the jurisdiction thereof, are citizens of the United States and of the
      state wherein they reside.

      Notice that “and” word: “and” subject to the jurisdiction.

      Just because you were born in the United States does NOT make you a
      United States citizen, You MUST be born or naturalized in the United
      States **”AND”** MUST be subject to the jurisdiction thereof.

      Now this:

      “are citizens of the United States and of the state wherein they reside”

      This is clear proof of you can be a dual “citizen”, which means you
      do NOT have to be both, which means being a “United states citizen” IS a

      Now add this:

      No state shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States;

      Notice the wording. No state shall make or enforce any law which
      shall abridge the privileges or immunities of citizens of the United

      Think about that, let it sink in.

      Why would the language specifically say: “No state shall make any law
      which shall ABRIDGE the PRIVILEGES or IMMUNITIES of “citizens” of the
      United States.

      Did you catch it?

      This is clearly laying out a distinctive difference between what “we
      the people” are and what a “United States citizen” is. This is telling
      the states that they cannot make specific laws that will effect the
      “United States citizen” differently than what effect we the people on a
      state level.

      And it is clearly said: United States citizens have “PRIVILEGES”.
      Privileges are NOT the same as RIGHTS, “PRIVILEGES” CAN be taken away
      while RIGHTS CANNOT be taken away.

      Then according to the Constitution, The people own the government and the government owns the citizen.

      So which are you.

      Nowhere in the Constitution does it say you MUST be a “United States citizen” either.

    • In Gold We Trust

      me 2

  • Lydya Teapotte
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