Gold researcher and GATA consultant Koos Jansen reports tonight that Chinese gold demand for the year through the last week of April, as measured by offtake from the Shanghai Gold Exchange, has reached nearly 700 tonnes, which annualized would reach more than 2,000 tonnes, or the bulk of world gold production. "Chinese gold demand remains robust," Jansen writes. He adds that the Chinese silver market is in serious backwardation, indicating a shortage of metal.
Jansen's analysis is posted at his Internet site, In Gold We Trust, here:
http://www.ingoldwetrust.ch/chinese-gold-dema...ilver-in-bac...
