Monday, September 26, 2016

Philip Klapwijk, MD of Precious Metals Insights, Hong Kong will be panel discussion member at the 9th International Gold Summit & Excellence Awards - Creation of India Fix in Next Five Years

9th International Gold Summit & Excellence Awards
- Creation of India Fix in Next Five Years - September 29, 2016 – Shangri-La's Eros Hotel, New Delhi, India.


2:00 pm – 3:15 pm

Session II:  Panel Discussion on The International Gold Market :
Developments and Changing Scenario

  • India’s Gold Market from International Perspective
  • International set up for Gold Banks
  • Shanghai-How fix has changed globally
  • International tax scenario in Gold –Tax Chain on Gold
  • The challenges of global gold demand and supply
  • Impact of slowdown in gold on the global economy
  • Opportunities in the worldwide Gold Equity Markets
  • Minted Gold Investment products in India
  • Implementing due diligence in gold supply chains

Moderator: Mr. S K Jindal, Chairman, Investment & Investors’ Protection Committee, ASSOCHAM

v  Ms. Rhona O’Connell, Head of Metals – GFMS, Supply Chain and Commodities Research and Forecasts, Thomson Reuters GFMS, London, United Kingdom

v  Mr. Philip Klapwijk, MD, Precious Metals Insights, Hong Kong

v  Mr. Jeffrey Rhodes, CEO, Zee Gold DMCC.

v  Mr. Gerhard Schubert, Founder, Schubert Commodities Consultancy DMCC
v  Mr. Harish Pawani, Director, Bin Sabt Jewellery LLC, Dubai, U.A.E.

Precious Metals Insights Limited PMI gold, silver, platinum and palladium markets consultants, advisers and analysts Hong Kong. Supply & demand analysis, production, consumption and recycling consultancy. Managing director: Philip Klapwijk.
Email: info@preciousmetalsinsights.com
Website: www.preciousmetalsinsights.com


Tuesday, May 31, 2016

China goes cold on platinum jewelry, crimping world demand London

May 15 2016 "China goes cold on platinum jewelry, crimping world demand London" by Jan Harvey 

"It's not as if consumers aren't spending money, but they're not spending it on jewelry in the way they used to," said Philip Klapwijk, director of Hong Kong-based Precious Metals Insights. "Consumers' discretionary purchasing power is being spent on other things -- white goods, and certainly tourism. More Chinese tourists are going abroad, and that also means during important public holidays, fewer people are visiting department stores."

http://www.reuters.com/article/us-platinumweek-jewellery-china-idUSKCN0Y60VO

Precious Metals Insights Limited PMI gold, silver, platinum and palladium markets consultants, advisers and analysts Hong Kong. Supply & demand analysis, production, consumption and recycling consultancy. Managing director: Philip Klapwijk.
Email: info@preciousmetalsinsights.com
Website: www.preciousmetalsinsights.com

Friday, May 20, 2016

China's Govt controlled gold reserves already 4,500 tonnes plus sharpspixley.com

LAWRIE WILLIAMS: China's Govt controlled gold reserves already 4,500 tonnes plus

"That the Chinese commercial bank gold holdings could be utilised in extremis by the Chinese government was alluded to in a discussion between Ken Hoffman and Hong Kong-based Philip Klapwijk. Ken is Bloomberg Intelligence's Senior Metals and Mining Analyst who put forward this theory to Philip Klapwijk, Former Executive Chairman of GFMS before its takeover by Thomson Reuters, now Managing Director of Precious Metals Insights, who agreed that this was indeed a logical position. Both are experienced China watchers and will have a better perspective on this than most other analysts."


Precious Metals Insights Limited PMI gold, silver, platinum and palladium markets consultants, advisers and analysts Hong Kong. Supply & demand analysis, production, consumption and recycling consultancy. Managing director: Philip Klapwijk.
Email: info@preciousmetalsinsights.com
Website: www.preciousmetalsinsights.com


Friday, April 1, 2016

PDF of the presentation by Philip Klapwijk at the Metals Focus annual Gold Focus 2016

Slide 1 - Gold-Focus-Launch-Presentation-Toronto-Philip-Klapwijk-2016.pdf










31 March 2016 - Metals Focus - Gold Focus 2016




Philip Klapwijk spoke at the presentation of English Language
Edition of the Metals Focus annual Gold Focus 2016 launch in Toronto
Canada. Metals Focus launch the Gold Focus every March. This annual
‘glossy’ publication is fast becoming the number one reference source
for the global gold market. The Gold Focus provides an in-depth analysis
of market developments, including historical data and statistics on
gold mine production, costs and consumption (featuring a
country-by-country analysis). The Gold Focus also includes a full
supply/demand and price outlook for 2016.




To view the PDF of the presentation by Philip Klapwijk at the Metals Focus annual Gold Focus 2016 launch please click here.


Friday, February 12, 2016

LBMA 2016 Price Forecast - Philip Klapwijk, Precious Metals Insights




Precious Metals Insights Limited PMI gold, silver, platinum and palladium markets consultants, advisers and analysts Hong Kong. Supply & demand analysis, production, consumption and recycling consultancy. Managing director: Philip Klapwijk.
Email: info@preciousmetalsinsights.com
Website: www.preciousmetalsinsights.com

10th China Gold & Precious Metals Summit 2015 - Examining Market Sentiment Towards Gold




















"Examining Market Sentiment Towards Gold"
Philip Klapwijk - Managing Director, Precious Metals Insights Limited
10th China Gold & Precious Metals Summit 2015
Shanghai, 10th December 2015


Precious Metals Insights Limited PMI gold, silver, platinum and palladium markets consultants, advisers and analysts Hong Kong. Supply & demand analysis, production, consumption and recycling consultancy. Managing director: Philip Klapwijk.
Email: info@preciousmetalsinsights.com
Website: www.preciousmetalsinsights.com

Saturday, February 6, 2016

January 2016 LBMA Precious Metals Forecast

January 2016 LBMA Precious Metals Forecast

Philip Klapwijk - Precious Metals Insights, Hong Kong - LBMA Forecast for 2016.

Au
Range:
$958 - $1,147
Average:
$1,043


The gold price will fall further this year due to tighter  monetary policy in the US, a further rise in the dollar  and unsupportive supply/demand fundamentals.  While it is true that the Federal Reserve will be  cautious in raising rates, it would appear that the  market is now too sanguine regarding the number  of increases likely in calendar 2016 (just two on  average compared to the Fed’s latest consensus  view of four). Higher US interest rates will favour  the dollar, which will also benefit from secular  weakness in the euro and most EM currencies,  including the renminbi. Furthermore, in terms of  gold’s supply/demand fundamentals, the outlook  is not price-supportive. The market is likely to  remain well supplied, with mine production holding  up due to new projects still coming on stream and  cost reductions at existing operations, while scope  for further reductions in scrap supply are limited. Jewellery demand is set to recover this year but only  to a limited extent, in no small measure due to only  modest consumption gains forecast for India and  China. Critically, the price ‘floor’ supported by Asian  physical demand in the form of jewellery and small  bars is again set to move lower. At the same time,  very limited institutional investor gold demand and,  perhaps also, reduced net central bank purchases  of bullion will require yet lower dollar gold prices for  the market to clear.

Pt
Range:
$772 - $948
Average:
$828


Platinum prices are unlikely to recover materially  unless either gold returns to a bull-market  (unlikely before 2017) or mine production is cut  substantially (much talk but little action) or diesel  cars recover their appeal (a hard sell to both  European consumers and governments). Rand  devaluation and the (much larger) slump in oil  prices have given the South African producers some  breathing space. In addition, local political factors  are an obstacle to any rapid, large-scale cuts to  uneconomic operations. Talk of the ‘death of diesel’  is overblown, but diesel’s share of the European  market is expected to slide due to greater concern  over particulate emissions and a shift away from  diesel towards fuel-efficient petrol engines. In the  meantime, in spite of lower prices, global platinum  jewellery demand is expected to remain becalmed  due to relatively little scope for growth this year in  the dominant Chinese market. Overall, the platinum  market is likely therefore to be in rough ‘balance’  this year in terms of supply and fabrication demand.  This might be considered a condition favouring  some upside for the price if it were not for the likely  slide in gold prices and the fact that investors are  expected to remain negative towards platinum  during 2016.
Ag
Range:
$11.96 - $14.89
Average:
$13.19


A further slide in prices is expected in 2016, with silver  tending (as is typically the case) to ‘outperform’ gold  to the downside. Besides facing similar economic and  financial headwinds this year (particularly the stronger  US dollar and soft commodity prices), the white  metal will additionally have to contend with lacklustre  industrial demand (in part due to the slowdown in  Chinese capital investment and construction) and  relatively ‘sticky’ supply from mine production and  recycling. In addition, it is debatable whether the  underlying level of physical demand from India,  investors in bullion products and ETF holders will be  as supportive this year as these were in 2015. More  likely, lower silver prices will be required to stimulate a  continued high level of Indian imports and bullion coin  sales, particularly in light of the huge demand seen  from both sources last year. Against this, it is probable  that outflows from silver ETFs will increase as silver  makes new lows for the bear market to date.
Pd
Range:
$442 - $605
Average:
$492


From a low starting point, palladium is expected  to outperform its peers among the major precious  metals. Currently, the price is discounting a more  negative outcome for the global economy and  auto demand than would seem justified, in large  part due to bad news from China. Specifically  regarding China, while car sales growth has slowed  (to 7% last year), the base is much higher (21.1m  vehicles). Moreover, combating pollution is a  priority and emission controls are becoming tighter.  US auto sales also reached a record level last year  (17.5m units) and the consensus is that in 2016  there should be a further (albeit smaller) increase  in sales. Indeed, global autocatalyst demand  is forecast to increase in 2016 and underpin  an increase in overall palladium fabrication  demand. This will only partly be offset by a small  rise in supply (due to higher recycling) such that  palladium will remain in a substantial fundamental  ‘deficit’. In the short run, this can be swamped  by investor selling (as seen recently), but as such  investors’ sales ease some rebound in palladium  prices is probable basis ‘stronger hands’ holding  remaining bullion stocks and the metal’s healthy  supply/demand fundamentals.

Precious Metals Insights Limited PMI gold, silver, platinum and palladium markets consultants, advisers and analysts Hong Kong. Supply & demand analysis, production, consumption and recycling consultancy. Managing director: Philip Klapwijk.
Email: info@preciousmetalsinsights.com
Website: www.preciousmetalsinsights.com

December 2015 - 10th Annual China Gold & Precious Metals Summit 2015



December 2015 - 10th Annual China Gold & Precious Metals Summit 2015

Philip Klapwijk was a speaker at the 10th Annual China Gold & Precious Metals Summit 2015 in Shanghai, China.

http://www.chinagoldsummit.com/speakers.php

China Gold & Precious Metals Summit is an annual precious metals gathering jointly endorsed by the China Gold Association and the Shanghai Gold Exchange for miners, refiners, fabricators, dealers, bankers, traders, money managers, analysts, brokers, jewelers, advisors, policy setters to discuss prices, fundamentals, investor sentiment, macroeconomic environment as well as the growth and development of China's gold & precious metals market. In 2015 with China's Silk Road initiative announced and the launch of Shanghai gold benchmark approaching, their implications for the global bullion market coupled with insights on price actions, Fed policy and supply/demand picture etc were highlighted at the conference.

Precious Metals Insights Limited PMI gold, silver, platinum and palladium markets consultants, advisers and analysts Hong Kong. Supply & demand analysis, production, consumption and recycling consultancy. Managing director: Philip Klapwijk.
Email: info@preciousmetalsinsights.com
Website: www.preciousmetalsinsights.com

Monday, November 9, 2015

REFILE-China's gold investment at risk as Beijing frees yuan | Reuters

REFILE-China's gold investment at risk as Beijing frees yuan | Reuters

REFILE-China's gold
investment at risk as Beijing frees Yuan

By Clara
Denina
- Economy |
Thu Nov 5, 2015 7:50am EST
"Gold has a very unique position at the moment in the investment
possibilities that are open to Chinese citizens," said Philip Klapwijk,
director of Precious Metals Insights in Hong Kong.
"The direction of travel is quite clear but the speed is unclear, it
is not going to happen quickly but it is not a gold friendly environment in the
long run," he added.


Thursday, October 22, 2015

Gold To Trade ‘Well Below’ $1,100, But Not Under $1,000 - LBMA’s Top Forecaster - YouTube

Gold To Trade ‘Well Below’ $1,100, But Not Under $1,000 - LBMA’s Top Forecaster - YouTube

 



 Sentiment toward metals, particularly gold, seems to be bearish these
days and an LBMA six-time forecasting winner says he expects the price
to trend lower in 2016. Philip Klapwijk, managing director of Hong
Kong-based consultancy Precious Metals Insights, said he expects gold
prices to trend ‘well below $1,100’ an ounce. ‘I think gold at the
moment is looking very ‘toppy,’’ he told Kitco News at the London
Bullion Market Association (LBMA) conference in Vienna, Austria.
However, despite the somewhat bearish call, he said he doesn’t expect
the metal to trade at sub-$1,000 levels for too long. ‘That does not
mean we can’t get a spike below but I don’t think we’re going to trade
for any extensive period below that level,’ he noted. In 2014, the LBMA
awarded Klapwijk with the top forecasting title for platinum, which he
said should continue to suffer post the Volkswagen scandal. ‘The reason
for that is the very high market share of diesel in Europe and the
damage, I think, will be done somewhat permanently to diesel’s image in
Europe,’ he explained. Comex December gold futures were last quoted
$4.50 higher at $1,177.30 an ounce, while Nymex January platinum futures
rose $7.80 to $1,022.40. Kitco News, October 20, 2015.

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Philip Klapwijk managing director of PMI Precious Metals Insights Ltd Gold, silver, platinum and palladium consultants Hong Kong. Email: info@preciousmetalsinsights.com
Website: www.preciousmetalsinsights.com

Wednesday, July 22, 2015

FT.com - Financial Times - Gold driven to five-year low by Henry Sanderson with Philip Klapwijk of Precious Metals Insights



20 July  2015  FT.com - Financial Times - Gold driven to five-year low by Henry Sanderson.  Additional reporting by Nicole Bullock.

"This has been reflected in the low premium for gold on the Shanghai Gold Exchange, where physical gold is traded in China" according to Philip Klapwijk of Precious Metals Insights Ltd. 

“The Shanghai Gold Exchange premium has been amazingly low for the level of price we’re at, which tells us the Chinese physical market is not strong at the moment,” he says. “Nor is India, which is at a discount. The physical markets haven’t been there to hold the price.” 


Precious Metals Insights Limited PMI gold, silver, platinum and palladium markets consultants, advisers and analysts Hong Kong. Supply & demand analysis, production, consumption and recycling consultancy. Managing director: Philip Klapwijk.
 
Email: info@preciousmetalsinsights.com
Website: www.preciousmetalsinsights.com

Wednesday, July 8, 2015

China clamours to set global gold prices Al Jazeera English Business & Economy Philip Klapwijk founder of Precious Metals Insights Limited

China clamours to set global gold prices - Al Jazeera English

China clamours to set global gold prices - Al Jazeera English Business & Economy

The world's biggest producer and consumer of the metal sees a golden opportunity to expand its pricing power. Raphael Balenieri | 02 Jul 2015 11:10 GMT | Business & Economy, Asia, China

"The country's role in the international gold markets is still surprisingly small. China is very much a price taker, rather than a price setter," said Philip Klapwijk, founder of Precious Metals Insights Limited, a consultancy based in Hong Kong.

"You might argue that given its huge consumption, China obviously influences global gold prices. But all the trading activity that goes on in China tends to be a domestic affair," said Klapwijk.

http://www.aljazeera.com/indepth/features/2015/06/china-clamours-set-global-gold-prices-150629082056754.html


Precious Metals Insights Limited PMI gold, silver, platinum and palladium markets consultants, advisers and analysts Hong Kong. Supply & demand analysis, production, consumption and recycling consultancy. Managing director: Philip Klapwijk.
Email: info@preciousmetalsinsights.com
Website: www.preciousmetalsinsights.com

Saturday, May 23, 2015

Slides of "Making Sense of Chinese Gold Flows & Gold Demand" by Philip Klapwijk MD of Precious Metals Insights Ltd at Bloomberg Intelligence Agenda 2015

Bloomberg_220515_Klapwijk.pptx - bloomberg_220515_-philip-klapwijk-preciousmetalsinsights-1.pdf

Friday 22 May 2015 Bloomberg Intelligence Agenda 2015


Philip Klapwijk Managing Director of PreciousMetals Insights Limited  was speaking at Bloomberg Intelligence Agenda 2015 in Bloomberg London Headquarters.

To see the slides in pdf format of "Making Senseof Chinese Gold Flows  & Gold Demand" by Philip Klapwijk  MD of Precious Metals Insights Ltd click here.

Full audio commentary on the slide from Philip Klapwijk will be uploaded to this website shortly. Please check back soon. 








































Thursday, May 21, 2015

Bloomberg Intelligence Agenda 2015 with Philip Klapwijk — Managing Director of Precious Metals Insights Ltd

565190193_Agenda.pdf  



http://connect.bloomberg.com/microsite/201505-CMEPreciousMetals/reg-ftaf/0.ashx

Bloomberg Intelligence Agenda 2015 with Philip Klapwijk  — Managing Director of Precious Metals Insights Ltd

Date:    Friday 22 May, 2015 TIME: 8:00 – 16:00 BST Breakfast, lunch and cocktails will be provided.

Location: Bloomberg London Headquarters 39-45 Finsbury Square London EC2A 1PQ

Join Bloomberg Intelligence in partnership with the CME Group for a conference featuring expert speakers and panel discussions addressing drivers and themes in the precious metal markets.

In tribute to LPPM Week, Johnson Matthey will review the supply and demand situation, and host a panel on the PGM markets.

Discussion topics will include:

Outlook for Global Precious Metals Markets
Chinese Demand: a New Gold Standard?
Supply/Demand for PGMs

11:05 Making Sense of Chinese Gold Flows  & Gold Demand - Philip Klapwijk  — Managing Director of Precious Metals Insights Ltd




 Resultado de imagen de Bloomberg Intelligence