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Saturday, January 18, 2014

Spectacular Gold Demand (79 Tons) on SGE in Week 2, 2014

http://www.ingoldwetrust.ch/spectacular-gold-demand-79-tons-sge-week-2-2014

In the second weekly report, that covers the five trading days from 6-1-2014 to 10-1-2014, today released by the Shanghai Gold Exchange we can read a spectacular amount of physical gold has been withdrawn from the vaults; 79 tons. Last week I wrote withdrawals were down, but could well pick up this month as China will celebrate Chinese new year on January 31, 2014 according to the Chinese Lunar calendar. And withdrawals did pick up..

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