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Koos Jansen: Post-holiday gold offtake in China falls but premium trend is up
9:55a ET Saturday, January 11, 2014
Dear Friend of GATA and Gold:
Gold researcher and GATA consultant Koos Jansen reports today that gold offtake from the Shanghai exchange in China declined by almost a third in the first week of the new year, likely because of the end of jewelry sales tied to the holiday. But the premium on the gold price in China over the international gold price continues in an upward trend, Jansen writes, and the Chinese silver premium over the international price stands at 5 percent. Jansen's report is posted at his Internet site, In Gold We Trust, here:
http://www.ingoldwetrust.ch/sge-gold-withdrawals-down-silver-premiums-5
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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