Lets jump out the gate with a Gold update.
http://www.ingoldwetrust.ch/sge-physical-delivery-2073-tons-ytd
The amount of gold withdrawn from the Shanghai Gold Exchange vaults
has been increasing in recent weeks. After an explosive week in April,
when 117 tons of gold were withdrawn, weekly averages came down to a
constant 40 tons throughout the year. At the end of October it seemed
Chinese demand for physical gold was declining, but since November
weekly physical delivery has been north of 40 tons. In between 9 and 13
December 50.4 tons of gold were withdrawn from the vaults. Year to date
2073 tons have been withdrawn, which equals to Chinese gold demand according to the PBOC.
Premiums in Shanghai have remained around 1 % over international spot in recent weeks.
The thirst for physical Gold continues unabated...Stay the course and be right and sit tight.
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