woensdag 27 november 2013

China Gold Imports from Hong Kong Rising Along

While the physical gold outflows of the ETF's of GLD continue (Chart 1) and those from the COMEX stay flat (Chart 2) (because they can't afford to lose anymore physical gold), all this physical gold is bought by Asia as net imports and gross imports rose to record highs (Charts 3, 4, 5).

Chart 1: GLD Outflows

Chart 2: COMEX Gold Outflows (blue)

Chart 3: China Gross Gold Imports

Chart 4: China Net Gold Imports

Chart 5: Ratio Net to Gross gold imports

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