Showing posts with the label CMI Selected Articles.
Chinese rushing into physical gold in huge volume as stocks crash June 23, 2015 arabianmoney.net The first signs of a rush to convert financial assets into physical gold in China have emerged with a spike in physical gold payouts at the Shanghai gold exchanges. Withdrawals of physical gold from the Shanghai Gold Exchange and Shanghai International Gold Exchange jumped 41 per cent in the trading week 8-12th June from the previous week, while year-to-date withdrawals are up 20 per cent to an incredible 1,061 tones. Massive rotation To put that figure into perspective, that is higher than China’s entire last officia
CMI Selected Articles - May 4, 2015: China’s SGE gold flows still at high level – 51 tons last week.
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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