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Koos Jansen: Looks like London's gold inventory is nearing exhaustion
4:15p ET Thursday, February 11, 2016
Dear Friend of GATA and Gold:
Gold researcher and GATA consultant Koos Jansen writes today that for years the central trend of the gold business has been the export of huge amounts of gold from London to China, during which time the gold price declined. So, Jansen concludes, that the price of gold is rising now even as those exports continue probably signifies that, as gold researcher Ronan Manly documented painstakingly last September, supplies in London are nearing exhaustion. Jansen's analysis is headlined "London Was Bleeding 184 Tonnes of Gold in December While China Imported at Least 217 Tonnes" and it's posted at Bullion Star here:
https://www.bullionstar.com/blogs/koos-jansen/london-was-bleeding-184t-o...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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