Implode-Explode Heavy Industries news feed Tracking the many faces of the global credit implosion. en-us iehi-feed-55512 Sun, 23 Nov 2014 01:32:16 GMT Washington plays Russian roulette - Pepe Escobar iehi-feed-55510 Sat, 22 Nov 2014 14:30:01 GMT Doug Noland: Memories - of 2012 and 2007 iehi-feed-55507 Sat, 22 Nov 2014 00:49:24 GMT Fed Plans to Tighten Commodities Rules for Banks iehi-feed-55505 Fri, 21 Nov 2014 23:37:23 GMT Unusual gold moves in Asian hours puzzle jittery traders iehi-feed-55504 Fri, 21 Nov 2014 23:35:00 GMT Here Are The Highlights From The Senate's Finding That Banks Manipulate Physical Commodities Since Goldman took over the warehouses, the wait to withdraw LME-warranted metal has increased from about 40 days to more than 600 days, reducing aluminum availability and tripling the regional premium for storage and delivery costs...


On [one] occasion, in November, 2013, Metro loaded aluminum out of one warehouse and moved it into another warehouse about 200 feet away across a parking lot.

iehi-feed-55501 Fri, 21 Nov 2014 15:06:17 GMT Oil industry risks trillions of 'stranded assets' on US-China climate deal iehi-feed-55495 Thu, 20 Nov 2014 21:10:50 GMT Gold Demand Explodes 'Round The World (ROUNDUP) Here is a round-up of stories from the last few days showing (in contrary to a few curious news stories) demand for physical gold exploding around the world in response to unusually low prices.

  • Eric Sprott: Global Gold Demand Is Overwhelming Supply -
    We see almost 60 tons a week being delivered on the Shanghai Gold Exchange. Well, you start annualizing 60 tons a week you're talking 3,000 tons a year now. We saw 94 tons of gold go into India in September. We saw the Russian Central Bank buy 37 tons of gold in September. I mean I could come up with numbers that might suggest that we've got 400 tons a week of demand. And we only got 230 tons a week of mine supply. And I've only gotten to three data points. I haven't even gone to the rest of the world.
  • Who's Feeding China's Gold Hunger? -
    This year the Chinese have started to import more gold directly into the mainland, circumventing Hong Kong. Unfortunately China itself doesn't publish gold trade data -- as they prefer to keep the world uninformed about their gold hunger not to influence the price. China openly changed import policy in April (from 1:14):
  • India Precious Metals Import Explodes In October -
    Despite all efforts from the Indian government to curtail India's demand for precious metals -- for example a 10 % import duty on both gold and silver, the Indian people continue to put their savings in a store of value they consider being prudent; precious metals.
  • Low UAE gold prices set off buying surge -
    ... the ongoing softness in global gold prices are prompting more shoppers to snap up more of the metal in its various forms. According to estimates from the local jewellery trade, retail offtake for the full year in the UAE could be up by 15-20 per cent in volume terms (in kilograms) compared with 2013. If only the second half of the year is taken into account, which was when prices started to show real weakness, volume gains could even be in the 40 per cent range.
  • `Gold Wars' - Swiss Gold Shenanigans Intensify Prior To November 30 Vote -
    The Swiss National Bank (SNB) and establishment parties went "all in" during the week and intensified their campaign. They suggested that passing the Swiss Gold Initiative would be a `fatal' for Switzerland and would be positive only for speculators.
iehi-feed-55490 Thu, 20 Nov 2014 20:17:21 GMT Gold Rises After 'Unusual' Russian Central Bank Gold Buying Announcement iehi-feed-55489 Thu, 20 Nov 2014 14:26:55 GMT Senate Report Finds Goldman and JPMorgan Can Influence Commodities iehi-feed-55487 Thu, 20 Nov 2014 14:23:28 GMT Hungary to start South Stream construction in 2015 despite Western pressure iehi-feed-55486 Thu, 20 Nov 2014 14:11:18 GMT U.S. MINT REPORTS ON SILVER EAGLES: Huge Demand & Weekly Rationing iehi-feed-55484 Thu, 20 Nov 2014 14:05:43 GMT Chinese firm wins $12 bn Nigeria railway deal iehi-feed-55481 Wed, 19 Nov 2014 22:28:48 GMT Fed sees solid U.S. economy, new threats (+STICKS TO ZIRP) Minutes of the Fed's Oct. 28-29 meeting released on Thursday showed that Fed officials grappled with a number of developments, from sharp moves in U.S. stock prices to increased signs of weakness in such key regions as Europe and Asia. They also expressed concern that inflation, which has been running below the Fed's target of 2 percent, could drift lower because of falling energy prices and a strengthening U.S. dollar.


The Fed decided to keep the "considerable time" wording because officials worried that its removal could be misinterpreted and cause markets to drive interest rates higher and harm the recovery.

Private economists do not expect the Fed to begin raising interest rates until mid-2015 and nothing revealed by the discussion in the minutes was likely to alter their view.''

iehi-feed-55476 Wed, 19 Nov 2014 17:03:23 GMT Russia's Rosneft Invites China to Participate in Joint Arctic Projects iehi-feed-55469 Tue, 18 Nov 2014 20:36:10 GMT Sydney Yuan Hub Seen Saving Importers 7%, Bypassing Dollar iehi-feed-55468 Tue, 18 Nov 2014 20:34:30 GMT Beijing, Canberra Agree on Landmark Free Trade Deal iehi-feed-55460 Tue, 18 Nov 2014 16:07:55 GMT David Stockman: The Bubble Is Global And Its Already Popping (VIDEO) iehi-feed-55454 Mon, 17 Nov 2014 16:08:07 GMT World's largest chocolate manufacturer adds voice to warnings of 'potential cocoa shortage by 2020' (NOOOOO!!!) iehi-feed-55448 Sun, 16 Nov 2014 16:40:42 GMT JPMorgan Must Pay Up Again: This time $681m For Shale Swindle iehi-feed-55445 Sun, 16 Nov 2014 15:17:43 GMT Italian banker: 'Losses in High Tech Projects 10x Those of Agriculture'; 'Sanctions against Russia are suicide for EU'