The Russians ran a most impressive operation during the last 18 months. They dumped about half of their holdings of Old Maid cards from the U.S. Treasury and replaced a large portion of it with low cost gold. Up to now there has been much less transparency with China, but I am speculating they have been doing a version of the same maneuver.

And let’s not forget Kazakhstan, which bought 2.6 metric tons last month to take its total to 203.4 metric tons. Russia ponied up for 4.3 tonnes.

Here we have a look at current warehouse copper inventory. Once again the crime-syndicate-run Comex is not a real factor in the handling of actual product.

The Indian monsoon is booked as good, thank you. In fact, it should give Indian farmers a nice income boost to buy more silver and gold at a bargain.

Although the Chinese stock market bubble may have distracted the punters from gold, the reality is that demand has been quite solid. Shanghai gold exchange update: YTD (year-to-date), withdrawals are 1061 tons — up 20% from the same period last year.

Greece is finished and is 'ultimatumed' out.  Now according to none other than parasite guildist Goldman Sachs, Ukraine will also default in July.