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Update: Shanghai To London Gold And Silver Premium

|Includes: SPDR Gold Trust ETF (GLD), SLV

Just a little update for those who think precious metals demand is going down.

As you can see, Asians want to pay a premium for precious metals. The west is selling gold, the east is buying gold...



Chart 1: Shanghai to London Gold Premium



Chart 2: Shanghai to London Silver Premium

Disclosure: I am long AGQ.