The curtain has closed on 2016. Left in its wake is a world demanding change. No longer content to accept the status quo, the masses expressed their discontent through several very unexpected votes both in Europe and in the USA. The underlying global economy continues to struggle in direct opposition to the promise of renewed
The monthly gold demand in 2016 for Chindia (China and India) has averaged roughly 250 metric tonnes per MONTH. That demand alone accounts for ALL of the annual global mining output on our planet Earth. The volume of physical gold withdrawn from vaults of the Shanghai Gold Exchange (SGE) in November accounted for 215 tonnes,
Over the last several weeks there has been an increase in the spread between the gold spot price in Shanghai and London. Settlement in China is done with physical metal twice daily. Settlement in London is a paper transaction. The following article goes into much greater detail and clearly indicates that the trend is continuing.