There has been very considerable disagreement between the levels of Shanghai Gold Exchange gold delivery figures and assessed Chinese gold demand as estimated by the mainstream precious metals analytical consultancies. The figures have been diverging and the latest differences are enormous with SGE gold withdrawals this year running at more than double the analysts’ assessments of Chinese demand. As we have pointed out beforehand, the basic difference is in the classifications of what the analysts take into their demand calculations – it would otherwise be remarkable that the differences would be so consistent within diverse analytical consultancies – so who is right?……….
This is the opening paragraph to my latest article on the Sharps Pixley website. To read the full article click on: LAWRIE WILLIAMS: Best Answer Yet to Great SGE Gold Withdrawals Anomaly?