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Katchum
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Albert Sung is the author of Correlation Economics, monitoring breaking economic news on a day to day basis. He started investing in 2008 because of the economic crisis and holds a masters degree in chemical engineering. Previously, he worked several years as a process engineer at Ashland, a... More
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Correlation Economics
  • Shanghai Gold Premium Spikes Upwards 0 comments
    Apr 11, 2013 11:12 AM | about stocks: GLD

    A small alert here. Shanghai gold premium over spot price has reached a new high, since I monitored it. It reached 0.72% over spot. Very interesting to notice.

    Either the Chinese are lagging on their gold market, or we're going to see an increase in the gold price of at least 1%. (or the Chinese are buying the dip on the Fed minutes leak)

    (click to enlarge)

    Chart 1: Shanghai Gold Premium

    Stocks: GLD
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