vrijdag 5 september 2014

China Buying Gold Again

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.

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