For two weeks already, the SGE gold withdrawals are above 40 tonnes a month. This means China is buying gold again and evidence can also be seen in GLD. GLD has lost 10 tonnes in just a few days, coming under 800 tonnes again.
While SGE gold premiums are starting to rise again.
Moreover, the SGE silver premiums are at record highs of 11%. Definitely something wrong with this chart.
Let's see what happens in the next weeks.
While SGE gold premiums are starting to rise again.
Moreover, the SGE silver premiums are at record highs of 11%. Definitely something wrong with this chart.
Let's see what happens in the next weeks.
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