28 December 2015
26 December 2015
Shanghai Gold Withdrawals Top 2500 Tonnes For This Year
With 57.75 tonnes withdrawn in the latest week, the number of tonnes of gold bullion withdrawn from the Shanghai Gold Exchange stands at 2,503 tonnes for the year to date.
This is the most gold ever withdrawn from this or from any exchange in a single year that I can find in the post-WW II era.
And this record breaking phenomenon is for the most part being ignored. It seems in retrospect almost unprecedented, and is particularly odd given the relative 'drying up' of deliveries of physical gold in NY and the shrinking of the 'free gold float' inventories in London.
Category:
Shanghai Gold Exchange
24 December 2015
Gold Daily and Silver Weekly Charts - A Little Higher
Gold and silver drifted a little higher today on very light volumes in New York.
Gold is very quiet in its physical form in The Bucket Shop's licensed facilities. Most of the action involves house to house deliveries to JPM.
The real action for gold is already in Asia, and not so much even in that long time bullion center of London.
And a very Merry Christmas to all.
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