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May 4, 2015

CMI Selected Articles - May 4, 2015: China’s SGE gold flows still at high level – 51 tons last week.



CMI Gold & Sliver

China’s SGE gold flows still at high level – 51 tons last week 

Net Chinese gold imports from Hong Kong have slipped, but SGE withdrawals continue very strong. 
Lawrence Williams
May 4, 2015

[For investors following the continued flow of gold to China, which has relaxed its markets to facilitate imports, this is an informative read.  See also Power moves east, along with gold.]



For the second week in a row, gold withdrawals from China’s Shanghai Gold Exchange (SGE) have been at around 50 tons – a high level for the post Chinese New Year period. Withdrawals from the exchange for the first 16 weeks of the year have already reached around 780 tons suggesting that if flows out of the SGE are maintained we could be in for a new record year with withdrawals well in excess of those of 2013, which totaled almost 2,200 tons. As we have said in these pages before, whether one considers SGE withdrawal figures to equate to Chinese gold demand, which the Peoples Bank of China would seem to suggest, or whether the true consumption figure is actually quite a bit lower as the mainstream gold analysts reckon, they still remain an excellent indicator of demand growth or fall in the world’s biggest market for the yellow metal.

CMI Spot Prices as of Close of Trading Day in New York on May 4, 2015.



CMI Gold & Sliver

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1 oz American Gold Eagles (random years)
3 coin minimum - $30.00 S&H on orders less than 10 coins
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Spot Prices as of close of trading in New York

Monday, May 04, 2015

GOLD

TODAYCHANGEWEEK AGOMONTH AGOYEAR AGO
$1,188.40+$12.70$1,203.00$1,219.20$1,309.90

SILVER

TODAYCHANGEWEEK AGOMONTH AGOYEAR AGO
$16.46+$0.30$16.44$17.15$19.59

PLATINUM

TODAYCHANGEWEEK AGOMONTH AGOYEAR AGO
$1,153.30+$22.10$1,155.30$1,183.00$1,452.00

PALLADIUM

TODAYCHANGEWEEK AGOMONTH AGOYEAR AGO
$785.55+$10.35$782.00$771.90$819.10

GOLD/SILVER RATIO

72.20

DealBook P.M. Edition - May 4, 2015: White Collar Watch: Ex-Goldman Sachs Programmer's Twisting Case Has a Few Turns Left



MONDAY, MAY 4, 2015
TOP STORY
Sergey Aleynikov, left, a former Goldman Sachs programmer, and his lawyer, Kevin Marion, leave State Supreme Court in Manhattan.
White Collar Watch: Ex-Goldman Sachs Programmer's Twisting Case Has a Few Turns LeftSergei Aleynikov's legal journey has had two trials, an overturned conviction, an accusation of food tampering in the jury room, and it's not over.

WSJ | Biggest decliners Closing on May 4, 2015.

Biggest Decliners Closing
Biggest Decliners
4:46 pm ET 05/04/2015
NYSE
ISSUEVOLUMEPRICECHG% CHG
Sibanye Gold ADS (SBGL)2,006,634$8.30-0.97-10.46
Phoenix (PNX)95,22230.40-2.90-8.71
Genie Energy (GNE)252,65511.70-1.04-8.16
Syngenta ADS (SYT)2,341,21271.96-5.96-7.65
FMSA Holdings (FMSA)898,1988.01-0.60-6.97
Tilly's (TLYS)108,32012.92-0.84-6.10
Halyard Health (HYH)2,993,87645.91-2.94-6.02
Higher One Holdings (ONE)367,0882.73-0.17-5.86
International Shipholding (ISH)59,05610.01-0.60-5.66
CARBO Ceramics (CRR)591,96141.51-2.48-5.64
UCP Cl A (UCP)18,1788.21-0.46-5.31
Donaldson (DCI)2,033,42935.74-1.96-5.20
Coupons.com (COUP)561,21111.84-0.58-4.67
SINOPEC Shanghai Petrochemical ADS (SHI)42,16957.95-2.63-4.34
Westlake Chemical (WLK)1,909,05974.38-3.33-4.29
California Resources (CRC)6,453,6548.72-0.39-4.28
Universal Technical Institute (UTI)139,7289.00-0.40-4.26
Employers Holdings (EIG)231,93824.03-1.02-4.07
Niska Gas Storage Partners (NKA)70,1511.98-0.08-3.88
Westpac Banking ADS (WBK)284,21927.89-1.10-3.79
Moog Cl A (MOGA)211,65466.85-2.62-3.77
Par Technology (PAR)10,5394.26-0.16-3.62
Controladora Vuela Compania de Aviacion ADS (VLRS)164,54012.04-0.45-3.60
Sociedad Quimica y Minera De Chile ADS (SQM)750,43221.71-0.79-3.51
BBX Capital Cl A (BBX)130,08716.70-0.60-3.47
 
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