China withdrew 59.12 tonnes of gold bullion from the Shanghai Gold Exchange for the week ending 13 February.
This makes 374 tonnes year to date.
China has withdrawn a total of 8,288 tonnes of gold from the SGE.
“Some economists, when thinking about long memory, are concerned that it undercuts the Efficient Market Hypothesis that prices fully reflect all relevant information; that the random walk is the best metaphor to describe such markets; and that you cannot beat such an unpredictable market. Well, the Efficient Market Hypothesis is no more than that, a hypothesis. Many a grand theory has died under the onslaught of real data.” Benoît B. Mandelbrot
LE CAFÉ AMÉRICAIN
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Soupes, Potages et Bouillons
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