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Koos Jansen: West-to-East gold exodus in full swing
12:02p ICT Monday, March 31, 2014
Dear Friend of GATA and Gold:
China gold market researcher and GATA consultant Koos Jansen reports today that Chinese gold demand, as measured by offtake from the Shanghai gold exchange, "remains extraordinarily robust," with 523 tonnes removed through the first 2 1/2 months of the year, which would pretty much speak for the entirety of world gold production during that time. Jansen's commentary is headlined "West-to-East Gold Exodus in Full Swing" and it's posted at his Internet site, In Gold We Trust, here:
http://www.ingoldwetrust.ch/west-to-east-gold-exodus-in-full-swing
Meanwhile Bloomberg News tries to spin the China gold story in the opposite direction, reporting "Shanghai Gold Cheapest to London Since 2012 on Weak Demand," though in fact Bloomberg doesn't report any actual demand figures at all, instead just making some price comparisons:
http://www.bloomberg.com/news/2014-03-31/shanghai-gold-cheapest-to-londo...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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