The Phaserl


Lawrence Williams: Chinese Gold Demand Discrepancy Explained?

by Ed Steer, Casey Research:

The gold price, which was up about six dollars by the London open on their Thursday morning, suddenly jumped higher shortly around 8:30 a.m. GMT. That rally wasn’t allowed to get far—and after that, the price chopped lower until 1:00 p.m. in New York—and from there it edged higher into the 5:15 p.m. EST close of electronic trading.

The low and high ticks were reported by the CME Group as $1,218.00 and $1,232.80 in the April contract.

Gold closed in New York yesterday at $1,221.70 spot, up $3.80 from Wednesday’s close. Net volume was very much on the lighter side once again at 96,000 contracts.

Read More @

Help us spread the ANTIDOTE to corporate propaganda.

Please follow SGT Report on Twitter & help share the message.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>