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(Untitled) Nov 2nd 2013, 23:15, by noreply@blogger.com (Cliff Küle) China's Appetite for Gold: "Waning" or "Surging"? Does Western Media B.S. Us? John Rubino analyzes a recent Bloomberg headline this week: China Gold Imports From Hong Kong Fall on Premium, Slow Demand .. although the article's clear message is that Chinese gold demand is heading down, the same data could have driven a completely different slant - "Chinese Gold Demand Remains Robust" & "Chinese September gold imports exceeded 100 tons for the seventh straight month." .. what should matter is how China's demand/production compares to the world demand/production .. "China, India and Russia are vacuuming up all the gold flowing out of mines this year, leaving the rest of the world's gold buyers to be satisfied from … where? That question would dominate the last third of the article." .. Rubino concludes: "And last, but not least, there would be a catchy visual comparing 2013 monthly gold imports to 2012's record levels. Looking at this chart, the last word that comes to mind is 'waning'" - see chart above. LINK HERE to Rubino's commentary LINK HERE to the Bloomberg article

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